Observing that Indian Institutes of Management are not meant for the elite only, the Supreme Court on Monday asked the petitioner to supply documents justifying the charge of Rs 150,000 as fees for the students.

Questioning the locus standi of the petitioners challenging government decision to reduce drastically the fees for students of Indian Institute of Management, a three judge Bench, headed by Chief Justice V N Khare, wondered as to why IIMs themselves did not challenge the legality of the Centre's decision.

The IIM Controversy: Complete Coverage

Asking the three petitioners, who are associated with IIMs in various capacities, the Bench directed them to show as to what are the components taken into consideration before fixing such fee.

The Bench also asked the petitioners to give details of subsidy received by IIMs from the government and details of the balance sheet for the last 10 years.

The Bench was informed by the government that it provided Rs 250,000 per student annually as subsidy and justified reduction of fees saying IIMs were out of reach for most of the students in the country.