Distance

Kumaon University does not offer any distance learning course you may choose a college where attendance is not mandatory (and in most of the Indian universities this happen even in Mumbai University) or else you may do it from IGNOU.

https://www.shiksha.com/mba/articles/top-10-institutes-for-distance-correspondence-mba-blogId-6301
Please click on the link above to get the list of good MBA distance education colleges in India.

No, it never provides the same value except top 50 institutes, other full time MBA programmes also have no value as neither it helps in placement nor the organisation asking for MBA prefer students beyond this point as the ranking goes down placement also decreases. You should think for a part time MBA only after gaining minimum 3 years of work experience.

Yes, there are a lot of distance learning MBA courses. You can try on IGNOU, Sikkim Manipal University, ITM University, etc.