The Kerala government has flayed the Centre's stand to allow the state to borrow money only if it withdrew the case before the Supreme Court, terming it "highly disappointing" and detrimental to fiscal federalism. Addressing media here on Monday, state Finance Minister K N Balagopal claimed that the central government has informed the apex court that if Kerala withdraws its petition, the government will give the state permission to borrow around Rs 12,000 crore on Monday itself. "The state government has filed the case in the Supreme Court for the fund which is rightfully ours," he said. "The Union government's stand is highly disappointing and will affect the fiscal federalism of the state and the day-to-day activities of the state government," Balagopal added. "Our lawyer Kapil Sibal argued for us and said we were seeking the amount that is rightfully ours. We have filed the petition seeking the fund as per our constitutional rights. They have asked us to withdraw our plea and it