Bank guarantee: Expelled students readmitted by Malabar Medical College
Kozhikode: The Malabar Medical College at Modakkallur, which had reportedly expelled 33 students for failing to produce bank guarantee within 15 days of obtaining admission, has admitted them back.
All of them are MBBS first year students. The College had reportedly decided to take them back after the students’ unions took out protest marches to the College. The classes began on September 11.
To secure a bank guarantee, a student has to make a fixed deposit of Rs 6 lakh or pledge a property worth that amount or submit copy of title deed of property belonging to a third party as security.
The parents, meanwhile, pointed to the government’s assurance related to bank guarantee for students of self-financing colleges and said the conditions laid down for getting a bank guarantee are giving them a tough time.
There are also allegations that the College asked them to provide blank cheques for the fee to be remitted for the coming years. The Rajendra Babu committee had said demanding blank cheques for future years’ tuition fee will be treated as capitation fee.