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. Show more Show less