The IIPM also agreed to make it clear in its advertisements that the institute offers only certificate courses. The institute would also clarify that its courses were aimed at making the students eligible for degree courses like MBA and BBA, provided under International Management Institute (IMI), Belgium.

In an interim order, Justice Rajiv Shakdher asked both UGC and IIPM to continue the pro tem arrangement till the final disposal of the writ petition and posted the matter for August 28.

"In view of the settlement between parties, UGC shall remove the name of IIPM from the list of fake university," Shakdher said.

The order came after IIPM and UGC arrived at the settlement as an interim arrangement following the Court's earlier direction to sort out the dispute amicably after the regulatory body declared the IIPM as a "fake university".