Kerala High court today set aside the order of a single judge directing not to insist bank guarantee of Rs. 22 lakh from the students who secured admission in the 11 self financing Medical colleges in the state this year.
The order in this regard was issued by a division bench comprising Chief Justice J. Chelameswar and Justice P. R. Ramachandran Menon on an appeal filed by the Management Association challenging the interim direction.
These colleges had earlier entered into an agreement with the State government.
The single judge had directed the management not to insist bank guarantee but to obtain bond from the students.
According to the association, as per a Supreme Court verdict in Islamic Academy case, bank guarantee can be obtained from the students which are the advance fee for four years.
