AICTE trying to play spoilsport

Now, this one is simply hilarious.
One would imagine that the prestigious Indian School of Business with it's World Class Infrastructure and all the International Exposure would be in the Government’s good books.
However, that does not seem good enough for the All India Council for Technical Education, which has bracketed ISB with a bunch of unapproved B-schools operating in the country.
WHY? Apparently ISB has not bothered to kowtow before the council, seeking its approval or ratings. Instead, the institute is busy lobbying for an international accreditation from the US-based Association to Advance Collegiate School of Business (AACSB).
The AICTE has, since the institute’s inception, sent several warnings and more recently legal notices asking it to get the council’s approval. ISB, though, has been looking the other way. Director (communications) Bhuvana Ramalingam acknowledged that the AICTE has written to them. “But we are not interested" she said.
One important point to be noted here is that none of the past, present or future candidates seem to be unduly worried over the fact that ISB is not recognised by the AICTE...