Kathmandu, August 2:

Chairman of the Nobel Medical College and Research Centre Dr Gyanendra Giri has promised to refund the investment in shares of the agitating group of the college.

This has put to end a long-standing dispute, making the way for resumption of academic activities of the college, which had been halted for months.

Over 300 staffers of the college padlocked the college after they did not get salary for months. Classes were disrupted, affecting 116 students.

The dispute, which surfaced 22 months ago, came to an end after 15 out of 47 shareholders of the college decided to walk out.

A memorandum of understanding was signed between the group led by Dr Giri and the disgruntled group. As per the MoU, the team led by Dr Giri must refund the investment of the withdrawing group within three months.

Dr Giri said the college would reopen from

August 10.