The college has called an immediate meeting of its disciplinary and anti-ragging committee to decided the future course of action.
"The victims reported (the matter) to the hostel warden on Sunday evening and we have asked the victim and the students accused of ragging to appear before the disciplinary committee Monday," Principal Bhim Sen Singh told reporters in New Delhi.
Taking moral responsibility for the incident, Singh said, "It is a very serious case. I have recommended expulsion of both the students and the college will lodge a complaint against them with Delhi Police. I will ensure toughest possible action against them for it will set an example to other students not to dare ragging juniors."
The victim has shifted out of the hostel and is staying with his local guardian, he said. The college has sealed the room where the incident took place so that any possible evidence is not tampered with.
Delhi University's current academic session started on July 16 with Delhi Police along with university authorities trying to implement tough anti-ragging measures.
Deputy Commissioner of Police Sagar Preet Hooda said anything that leads to or is even remotely seen as promoting ragging will not be condoned.
During the past year, the country witnessed 88 cases of ragging of which 12 were fatal.