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Private colleges for bank bonds

Medical and dental colleges to accept one year’s bank guarantee

Hyderabad: Private medical and dental colleges have agreed to admit students with bank guarantees of just one year’s fees and a personal bond to deposit the remaining three years’ bank guarantee in case the Hyderabad High Court rules in favour of the private colleges.

This is despite the High Court on Monday refusing to stay the order issued by the Telangana state government mandating private medical and dental colleges to collect just one year’s bank guarantee.

Private medical and dental colleges had approached the High Court on Monday seeking a stay on the GO, which mandated college managements to seek bank guarantees for one year’s fees for every successive year instead of four years at a time. The High Court had directed the TS government and NTR University of Health Sciences to file counter affidavits.

However, private medical colleges are accepting bank guarantees as per the TS government’s order but are also seeking a bond. “Students would have to furnish a bond accepting that bank guarantees for the remaining three years’ fees would be deposited depending upon the outcome of the case,” said Mr C. Lakshmi Narsimha Rao, president of Telangana Private Medical and Dental Colleges Association. He said about 66 per cent of the eligible students had already taken admissions.

Interestingly, the last date of admissions was supposed to be August 31, but colleges are still admitting students. This is also leading to a lot of confusion. “We are entertaining students though the last date is over. The VC of NTR University of Health Sciences and the committee only regulate the eligibility and qualifications criteria of the exam,” Mr Rao said.

( Source : deccan chronicle )
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