Maintaining that the current controversy involving the Indian Institutes of Management is all about the issue of autonomy to them, IIM-Ahmedabad Chairman N R Narayana Murthy said on Monday that the HRD Minister M M Joshi has been 'misled' and 'misadvised.'

"Joshi is a good man. He has been misled and misadvised. I have no doubt at all that he would realise it," he said at a book release function in New Delhi.

• The IIM Controversy: Complete Coverage

To a question whether IIM-A would be a party to the PIL against the fee cut filed in the Supreme Court, he said: "The IIM-A Society would meet on April 2 and vote whether we should go to the Court or not."

On the allegations of financial irregularities by the IIMs levelled by Joshi, Murthy said: "We have not received any such information from the minister. I believe that making such allegations without proper substantiation is not what we should be doing. I am surprised that he has made that statement."

The government had ordered a cut in fees for the IIMs from Rs 150,000 to Rs 30,000.