Bihar State Power Holding Company Limited (BSPHCL) has alleged grave financial irregularities, including cases of diversion of funds from DAV Public School BSEB to open additional chapters of the school at other places, and asserted on Tuesday that its top management did not even bother to reply to the show-cause notice sent before the termination of agreement-cum-eviction order.

The feud between the BSPHCL and the DAV management involves the fate of 6,000 students, 180 and odd teachers and around 60 non-teaching personnel in the school spread over 6 acres at Rajvanshi Nagar.

The school was established in 1993 by an agreement between BSPHCL (then known as Bihar State Electricity Board or BSEB) and New Delhi-based College Management Committee, which is the highest governing body DAV.

A copy of BSPHCL order, which is with The Telegraph, says: "Cases of diversion of funds of the school for opening other school chapters without prior permission of BSPHCL have also come to notice. The DAV management has committed breach of agreement by purposely diverting fund of the school for opening other school chapters and deteriorating DAV BSEB school by diverting its teachers to other schools but making payment from the school funds."

BSPHCL general manager (human resources and administration) Rajiva Ranjan Sinha said: "DAV BSEB funds were used to open schools at Indrapuri, Masaurhi, Byapur, Bihta, Paliganj and Hajipur. The teachers at these schools were actually employed with DAV BSEB and got their salaries from here. We sought accounts and discovered that there were no calculated or audited."

However, the school principal, V.S. Ojha, refuted the allegations and said: "The Bihar State Power Holding Company Limited just wants to evict DAV on one pretext or another despite the fact that the money invested in opening the additional chapters or branches of the school did not belong to this particular school. Whatever money we spent on developing infrastructure and amenities was collected from kids not hailing from the families of power officials, who have to pay our full fees."