As per the Memorandum of Association between the IIM-A and HRD ministry, the latter selects from the names suggested by the search committee for the post.
The HRD ministry has rejected a panel of three names that included HDFC chairman Deepak Parekh to head the prestigious Indian Institute of Management, Ahmedabad (IIM-A) and sought a fresh list of candidates.
A three-member search committee, headed by former IIM-A chairman and L&T CMD Anil Naik, had recommended R Seshasayee, chairman of the Board of Directors of Infosys, CMD of Hero MotoCorp Pawan Munjal besides Mr Parekh, according to official sources.
These names were forwarded to the Human Resource Development(HRD) ministry by the IIM-A administration for consideration, they said.
The ministry has rejected the names, the sources said without elaborating.
The sources said the process for selecting a new candidate for the post has started and the Ministry has sought new names, they said.
As per the Memorandum of Association between the IIM-A and HRD ministry, the latter selects from the names suggested by the search committee for the post.
The post was lying vacant ever since Mr Naik stepped down as the chairman of the board of governors on December 31 last, two years before the end of his tenure. Cadila Healthcare CMD Pankaj Patel was appointed as interim chairman by the board and search for new chariman was initiated.