The Kerala High Court on Tuesday observed that the State government should conduct a proper audit of all the assets of the Kerala State Road Transport Corporation (KSRTC) and also the constructions made by the Kerala Transport Development Finance Corporation (KTDFC) on the land of the KSRTC and verify where the problems of the corporation were heading.
Justice Devan Ramachandran made the observation when writ petitions against the delay in payment of salaries to the KSRTC staff came up for hearing.
The court observed that the KSRTC had a large area under it on which several buildings, offices, shopping centres and so on had been constructed. However, there was no indication why these assets were not being put to full use or why enough profits were not being generated.
