The incoming students for the Post-Graduate Programme for the new academic session to be kicked off from this June, IIM-A Board has now decided that though it will ask the fresh students to deposit Rs 1,58,350 as fees for the year, but it will only use Rs 30,000 per student as fees till the court finalises the PIL or the ministry revises its order issued on February 5.

It may be recalled that in its board of governors meeting headed by chairman N R Narayana Murthy on April 3, a resolution was taken by the institute's board to maintain status quo of the fees for the new session which now has been given a new twist, may be in a bid to make the ministry happy, while IIM-A is gearing up for talks with the MHRD.

According to the affidavit filed by the board of IIM-A in the Supreme Court on Tuesday, "IIM-A would, for the time being, appropriate an amount of Rs 30,000 per student as fees and retain the balance differential amount of Rs 1,28,350 per student in a separate 'no lien bank account."

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 "It is an attempt to be in the safer side as the case may sometime to be finalised before the SC and the students will have to deposit their fees before that. Once the case is finalised and if SC issues order on fee cut asking the IIMs to reduce it as per the ministry order, then IIM-A and other institutes disagreeing with the ministry order will have to pay back the excess amount to the students and this is the reason that the board has drafted the affidavit in a very safe way," said a source.

IIM-C faculty files PIL: Meanwhile, the faculty council of the Indian Institute of Management Calcutta (IIM-C) today filed an application with the Supreme Court, praying for issue of an order impleading it as a respondent to the writ petition filed by Sandeep Parekh and others, regarding the fee cut order issued by the ministry of human resources department and government of India.

The faculty council has decided to make representations independent of those, which may be made by the board of governors because the faculty felt that some of the board members may not be exercising their independent judgement in the interest of the institute, said a press release issued by the faculty council.

The release said, "It has therefore become incumbent upon the faculty to take up the interest of the institute, its faculty and its current and future students."

Meanwhile, sources said that the board of IIM-C was likely to respond to the notice of the Supreme Court by referrring to the proceedings of the board meeting on March 26, which decided to implement fee cut subject to conditions. At its March 26 meeting, the board, including  the central government nominees, had empowered chairman Y C Deveshwar to word the resolution on the issue.

In the resolution, drafted by board chairman Y C Deveshwar, the board agreed to reduce fees to the extent of subsidy received from the government.