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The former chief minister said that defending the special status of Jammu and Kashmir was not confined to a particular region or religion anymore.
Bhagat said if today a marla of land is sold for Rs 1 lakh, its price would increase 10 times overnight if the state residency law is scrapped.
Mirwa Farooq said commitment to right to self-determination was made to J&K people by the first PM of India Pandit Nehru.
These political parties want to play politics over Article 35A of the Constitution of India by emotionally exploiting people and polarising them.
During the hearing, the state government sought the adjournment of the hearing citing upcoming local body elections in the state which was supported by the Centre as well.
Those out to defend article 35 A tacitly accepting J&K's future lies within Constitution: Omar Abdullah
The National Conference leader was apparently referring to separatist groups, who called for a two-day shutdown to protest against the legal challenge in the apex court.
CJI Misra observed that the apex court has to consider whether Article 35-A goes against the basic structure of the Constitution.
The two-day strike was given by the Joint Resistance Leadership (JRL) -- comprising Syed Ali Shah Geelani, Mirwaiz Umar Farooq and Mohammad Yasin Malik.
There are apprehensions, amongst sections of Kashmiris, that if the law is repealed or diluted, outsiders would be settled in Jammu and Kashmir.
Repealing Article 35A will end Jammu and Kashmir's relationship with rest of the country: IAS officer Shah Faesal
The IAS officer, however, said continuing the special Constitutional provisions in respect to Jammu and Kashmir did not pose any threat to the sovereignty and integrity of the country.
All shops, business establishments and petrol pumps remained closed in Srinagar and other parts of the Valley.
Article 35-A, incorporated in the Constitution by a 1954 Presidential Order, confers special status to permanent residents of Jammu and Kashmir.
The complete protest shutdown in the Valley was called to support Article 35A that gives special powers to the state legislature.
Apprehensions that the top court may dilute Article 35-A has united Kashmiris of all hues to hold protests cautioning against any such move.
The apex court is hearing a batch of petitions in the matter, including the one filed by an RSS-linked NGO 'We the Citizens', seeking quashing of the article.