Nashik: The fate of around 600 secondary and higher secondary school students hangs in balance after a bank attached the school building and premises for defaulting on a loan repayment, an official said.
Owned by Anand Education Society (AES), a family trust owned by Nationalist Congress Party politician and former parliamentarian Devidas Pingle, the school is situated in Dari village of Nashik district.
Two days ago (July 11), the school was forcibly seized by the bank officials to implement a three-year-old order passed by the district collector in favour of the bank.
All the classrooms, the office, the chambers of the principal and other top officials were sealed by the bank in an attempt to recover its dues....more
12:29 PM, Jul 13, 2012