Future of 1200 kids at stake, as school defaults on Rs 1.25 cr PNB loan

Ahmedabad | Friday | 20th April, 2018

Summary:

Around 1,200 students are enrolled at the school, including children from junior kindergarten to Class 12. The notice states if the management fails to pay the amount, they will attach the property. One of the management member on condition of anonymity said, "Loan taken by the proprietor was not in our knowledge. The bank has left a notice on the gates of the school reminding them about the due amount of Rs1.25 crore. After many reminders from the bank, the notice was put up last Friday, after the school's exams got over..