okay, Talking about a good college like IIM, they judge according to their eligibility criteria. But firstly you need to appear in CAT, GMAT. and also you should have your bachelor degree with not less than 50%marks. Then after you will get admission. and its quite obvious that you have to score more than 95%in overall to get a good college, otherwise getting a good college with less percentile, it is difficult. Answering your question, good Mba college give admission to somone who have a backlog so, the answer is No, they won't give you admissions. You should have definitely appeared in the exams with passing grades in order to seek admission in that college. Initially you should have to first clear the qualifying exam like GMAT AND CAT. and After that, interviews
than you can definitely get admission in good Reputed top MBA college. I hope the information will help you.