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Four states - Punjab, Telangana, Tamil Nadu and Karnataka - have confirmed participation.
The Kerala govt has approached the SC, accusing the Centre of interfering in the exercise of its 'exclusive, autonomous and plenary powers' to regulate the state's finances by imposing a ceiling on net borrowing.
An SC bench comprising Justices Surya Kant and KV Vishwanathan recommended that the finance secretary of the state should meet the union finance minister and resolve the deadlock through negotiation.
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