IIPM: A fake university?

I got a mail in one of my yahoogroups (North-East Professionals) that IIPM has been declared as a fake university. I googled it and found that University Grants Commission has a list of fake universities and IIPM figures in that list.

This is the link to the UGC's list of fake universities: http://www.ugc.ac.in/inside/fakealerts.html.