The FACT Employees’ Educational Service Society, which has been running the FACT Township High School at Eloor, has decided to relinquish the management role after being faced with acute financial burden.
The Society has informed parents that transfer certificates (TC) will be issued to all the 126 students. The keys of the school building have been handed over to the FACT management, which locked the gate following the deadlock.
The mounting dues in terms of licence and utility fees prompted the Society to take the decision, though it had tried its best to continue running the school. According to the Society representatives, the licence fee arrears amounted to ₹22.5 lakh, while the pending utility fee was ₹2.2 lakh.
