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Feroke Municipality's new office complex project is stalled due to repeated plan revisions and approval delays.
According to school principal Babitha A, neither the school nor the Parent-Teacher Association had any role in the construction or painting of the building.
Granting a three-month interim stay on all further proceedings, Justice V G Arun observed that the petitioners were entitled to the same relief earlier extended to KIIFB
He said that all KIIFB-funded infrastructure projects adhered strictly to Reserve Bank of India (RBI) norms.
The government had cleared 1,190 projects to be executed through KIIFB, with a combined outlay of ₹90,473.64 crore.
Abraham said the ED’s conclusion stems from a misunderstanding of the difference between land acquisition for public infrastructure and land purchase for investment.
Satheesan alleged that CPM would settle this case with BJP.
Former finance minister Thomas Isaac and KIIFB Chief Executive Officer KM Abraham have also received notices.
KIIFB had earlier decided to terminate the contractor due to repeated delays, but construction resumed after the contractor secured court permission to continue.
How the CAG will respond to a more independent KIIFB will be revealed only in future CAG reports.
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