........The university had formed the committee after the embarrassment that it faced last year when the country's apex bank dragged the state university to Ahmedabad court by filing a civil suit demanding recovery of Rs 97,63,000 for not appointing a RBI Chair professor at the Department of Banking and Insurance at the Faculty of Commerce even as it had received Rs 50 lakh as corpus fund in 2002. The committee, which had professor Ranjan Aiyer as convener, submitted its report stating that no concrete efforts were made by those in-charge of the cell to get in touch with RBI..............
Read - TOI
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