ISLAMABAD - The Supreme Court on Tuesday directed the Chairman Federal Board of Intermediate and Secondary Education (FBIS-E) and its board of governors to submit reply for investing students funds in real state business. A three-member bench headed by Chief Justice Ifti-khar Muhammad Chaudhry and comprised Justice Shak-irullah Jan and Justice Nasir-ul-Mulk was hearing a petition against the FBISE board of governors and the chairman regarding investment of students money in a housing scheme. The employees of the FBISE, through Chaudhry Afrasiab, have appealed to the apex court that the board management had given Rs75-0m to a housing society, whose NOC was not yet issued by the CDA. Chaudhary Afrasiab informed the court that the board of governor of FBISE was not authorised to spend students funds on real state business. The court has issued notice to the board of governor and the chairman of the FBISE, and the housing society to appear before the court and submit their reply in the next date of hearing and adjourned the case till November 30, 2010.