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6 MBA colleges to lose Rs40 lakh penalty deposit

Gujarat Technological UniversityColleges would rather lose money than provide facilities for students. Around Rs 40 lakh ‘deemed penalty’ is lying with the Gujarat Technological University (GTU) as six of the 12 MBA colleges fined are yet to prove they have fulfilled norms.

The Local Inquiry Committee (LIC) of the GTU had penalised 12 MBA colleges to the tune of Rs94 lakh after a surprise inspection found them lacking in infrastructure facilities like library, computer laboratory as well as faculty. The condition was that the penalty money would be refunded once the colleges initiated the process for setting their houses in order. However, around Rs40 lakh is lying unclaimed. DNA had reported on the issue in its June 28 edition (12 MBA colleges face the heat over faculty, infrastructure issues)

The GTU authorities had set a deadline of July 31 to these 12 colleges to initiate the process of recruiting faculty, setting up infrastructure and submitting the deemed penalty. However, six colleges have not yet submitted the required information to the varsity.

“There is a chance that some of the colleges might have sent reports, but it has not reached us. Whatever data we have so far suggests around six colleges are yet to submit their reports, though the deadline has elapsed,” said GTU vice-chancellor Dr Akshai Aggarwal.

Aggarwal said they were waiting for a response from the colleges. “If they submit details proving they have recruited faculty and set up infrastructure, we may return the deemed penalty,” he said.

He added the LIC will keep a close eye on the colleges to ensure they toe the line. “We want to make sure the colleges do not recruit faculty just to fool the varsity,” he said. The GTU will take a final call on forfeiting the money in a few days, he said.

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