NEW DELHI: The Indian Institute of Planning and Mangament (IIPM), founded and run by Arindam Chaudhuri , has decided to stop fresh admissions to its management courses and wind up all its campuses across the country, except Delhi, an announcement that sparked rumours about the institute shutting shop on Thursday.Chaudhuri, however, clarified that IIPM isn't shutting shop but re-inventing itself. Speaking to ET on Thursday, he said, "I don't understand the sudden interest in an announcement that was made almost two months ago. IIPM will now work through knowledge partnerships as IIPM 2.0 as announced in our advertisement on May 11.""The aim is to give our real edge in economics, entrepreneurship, leadership and strategy to lakhs instead of thousands through partnerships with dozens of institutions. There was malicious campaign being run against us, so we have decided to stay out of this UGC and AICTE jhamela (problem). Let the regulation (read AICTE and UGC approved) papers be taught by the institutes we tie up with," he added.IIPM has had a controversial run in the education sector with Chaudhuri constantly at loggerheads with the University Grants Commission (UGC). UGC has accused the institute of offering unrecognized courses and degrees to students. Last year the Delhi High Court restrained IIPM from awarding MBA and BBA degrees. The Delhi police even lodged an FIR against Chaudhuri based on a complaint filed by UGC.When asked if the decision to wind up campuses was a direct fallout of the High Court order, Chaudhuri said, "That's a separate matter. We have never claimed to offer AICTE and UGC recognized degrees and courses. The court ordered was based on an internet issued by a third party. We have approached cyber crime branch to look into this.""Look, I'm a private player and it makes no sense to have brick-and-mortar classrooms any more, especially with this malicious campaign against me. I am extremely happy tying up with other institutes now. We have already partnered with two (institutes) and aim to rope in total 30 by the end of this year and 100 (partner institutes) by next year," he told ET.The institute founder said that the decision to re-invent IIPM is not going to cost any jobs as he has retained his entire teaching faculty. "They will now go to other partner institutes to teach," he added.