Month after rampage, textile tycoon resigns from SLIET post | punjab | Hindustan Times
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Month after rampage, textile tycoon resigns from SLIET post

A month after students went on rampage at Sant Longowal Institute of Engineering and Technology (SLIET) on May 6, institute's board of management chairman SP Oswal, who is also chairman of Vardhman group, has resigned from the post.

punjab Updated: Jun 07, 2013 23:37 IST
Navrajdeep Singh

A month after students went on rampage at Sant Longowal Institute of Engineering and Technology (SLIET) on May 6, institute's board of management chairman SP Oswal, who is also chairman of Vardhman group, has resigned from the post.

Conferred with Padma Bhushan for his distinguished services in the field of trade and industry, Oswal has submitted his resignation to the union ministry of human resource development (MHRD), which yet to accept the same.
Interestingly, Oswal's resignation from the top post of SLIET comes around two months before completion of his formal tenure of three years as chairman.

Oswal, a textile tycoon, was appointed SLIET chairman in August 2010, while his tenure would come to end in August 2013.

However, he has cited personal reasons behind the resignation.
Talking to Hindustan Times, Oswal said, "I have given my resignation from the post of SLIET chairman and same has been sent to officials concerned in the MHRD. My tenure is going to complete in coming months."

Ironically, Oswal's resignation came at the time when two members of a high-level panel, including retired judge of Punjab and Haryana high court SN Aggarwal and retired bureaucrat RP Aggarwal, were carrying out a time-bound detailed inquiry to know the reasons behind the rampage, which led to damage worth R12 crore.

Besides, the panel would also examine the conduct of the institute management, including director, other officials and faculty, in the past before submitting its final report.

However, Oswal completely denied that rampage on the campus or any other matter pertaining to SLIET as reasons behind his resignation. He failed to give a satisfactory response for taking the decision.

"If rampage was the reason, I would have resigned much earlier after the ruckus took place," he said. "I am busy with my business and have other personal reasons besides priorities, which made me take the decision."
Sources in the MHRD said senior officials have received his resignation letter and same has been handed over to union minister MM Pallam Raju.

"The minister is yet to accept his resignation as he and other senior officials of higher education department want Oswal to stay. They will not accept the resignation till the panel members submit the final report over the SLIET rampage episode," said senior officials while seeking anonymity.
However, Oswal said, "The government has to accept my resignation as I didn't want to continue as chairman. It will be better for ministry appoint new incumbent at the earliest."

Pertinently on May 6, demanding resignation of director Sunil Pandey, the students had created ruckus and set the record room, laboratories and several vehicles and rooms on fire.

Notably, the management has decided to close down the institute till June 30 to carry out renovation of the building damaged during the rampage.

Several attempts to contact secretary, higher education, Ashok Thakur and additional secretary Amita Sharma proved futile.