A vacation bench of justices S J Kathawala and P D Kode also directed the university to ensure that such incidents are not repeated and it should not waste more time in deciding the results of the three students.
The bench was hearing a petition filed by the three students, whose results were withheld by university for May 2011 examination for Electronics & Computer Programming as "Reserved Copy Case".
Amruta Patil and Virendra Neve, advocates for the petitioners, have sought quashing of a verbal order of the university not allowing the students to appear for the examination this year.
At the last hearing, the court had rapped the university for its "insensitive" approach towards the students' future.
The university today tendered unconditional apology to the court for the delay in appointing the Unfair Means Committee to look into the matter and assured the court that such incidents would not be repeated.
The students had appeared for their first semester examinations in May 2011 but their results were "reserved as copy case" as a peon was arrested with answer sheets on the varsity's premises in June 2011.
The students argued that there was no malpractice during the examination and they were being punished for no fault of theirs, and they were not being allowed to appear for further examinations. The judges were today informed that the students were subsequently allowed to appear for their second semester.