ibnlive » World

Oct 12, 2011 at 11:54am IST

UK B-school shuts down, 600 students stranded

New Delhi: The fate of more than 600 students from India and the subcontinent hangs in the balance after the Pune-based Tasmac Group closed its business school in London on Friday.

"We don't have any more money to give to other colleges. We don't know if they will even change our visa," said a student.

The college declared bankruptcy and folded operations without warning. With this the visas of the foreign students will lapse in two months.

"I had taken a bank loan. I don't have any more money," added another troubled student.

The stranded students are visibly upset after the decision to shut down was made.

A student said, "the directors of the Tasmac Group should be trailed in court."

The University of Wales is making all efforts to help transfer the stranded students to other colleges.