IITs to recruiters: Honour offers or stay off campus

Nearly 100 IIT students have been left in limbo after companies allegedly revoked or failed to honour job offers. Now, the All IITs Placement Committee has issued a warning to more than 10 recruiters: honour the offers or compensate affected students with three months' salary. Firms that fail to comply by August 15 could face a ban from future IIT placement drives. Here's what the standoff means for recruiters and students.