Incidentally, the school subsequently replaced its Principal Srinivasa Raghavan with S Sujatha.
Bala Vidya Mandir, located at Adyar, had faced protests from parents after it allegedly said that students paying fee stipulated by Singaravelan Committee (about Rs 39,000) will be allowed to only attend classes.
A parent had claimed she received an email stating those willing to pay in excess of Rs 50,000 will be entitled for a slew of facilities including canteen and others in the school.
"Even some teachers were against this as they saw it as discrimination and we subsequently filed a petition with Singaravelan Committee," she said.
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However, the school management has denied the allegations and expressed its willingness to address the concerns raised by the parents.
"At the outset, the Management Committee regrets that false allegations that have been made and mis-statements that have been levelled against the school and management by those who have sought to tarnish the reputation of the school," it said.
"The management committee has terminated the services of Mr SS Nathan (as CEO)," it said in a statement adding he had been replaced with his deputy S Sujata.
A new School Management Committee had also been constituted, it said, adding teachers, parents and others will have representation in it. Sujata will be new Member Secretary.
It will hold consultations with parents "to discuss the way forward" in view of the recent developments.
Further, the school never intended to discriminate between students, it said, adding it aimed at providing "best holistic education" for them.
The school re-opened today with scores of parents thronging the institution.