Stating that running medical colleges is not its core function, the Corporation has expressed its inability to meet the objectives to establish medical colleges and training institutes to serve the insured and non-insured persons of the ESIC scheme.
The students, estimated to be 1000 in number, claim that due to the ESIC's order, the faculties and administrative staff have already tendered their resignations which is a reason the recognition of Medical Council of India (MCI) could be withdrawn.
"If the MCI withdraws its recognition, non of the students are going to get any a medical degree," he added.
The students will also stage a protest at Jantar Mantar tomorrow.
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During the meet, it was decided that the ongoing medical colleges should be handed over to state governments willing for such a transfer.
"The ESIC should exit the field of medical education entirely as it is not the core function of the ESIC and other objectives are unlikely to be met," said the order issued at an ESIC meet held on Dec 4.
Currently, the corporation runs seven medical colleges including a dental college in north Delhi's Rohini area, with few others in various stages of construction. They are estimated to be over Rs.10,000 crore.