Distance

You are advised to do MBA distance learning from Indira Gandhi National Open University (IGNOU). IGNOU established by Government of India is the leading university for imparting education through the Open and Distance Learning mode. As a world leader in distance education, it has been conferred with awards of excellence by the Commonwealth of Learning (COL), Canada, several times.
IGNOU provide seamless access to sustainable and learner-centric quality education, skill upgradation and training to all by using innovative technologies and methodologies. IGNOU teaching techniques include self-instructional materials, counselling sessions, both face-to-face and via teleconferencing mode.

UGC does not certify a university it's grants fund (not to private universities ) and pretends they are maintaining quality education. you must be talking about scam run by Sikkim Manipal University who pay hefty bribe to IGNOU VC when IGNOU used to regulate distance education.
You can pursue, you may get a degree too. To be very frank in the job market Sikkim Manipal or such institute has no value.
For government job, the respective body will ask to prove you got the degree got by appearing for exam in Sikkim in its campus only and if it is offered in strictly as per UGC order this university cannot sell even a 100 degree in a year.
As far as quality concern this institute has multiple choice question answers system.in exam. I am surprised how one get a quality education be it computer be it management be it IT by such exam pattern.
To cut short, for a tag you may go. For a quality definitely not. for wider acceptance definitely not.