MBA Entrance Exam

If you want to get admission in good colleges then you must take entrance exams like CAT, CMAT, MAT, etc., and CLAT is not an MBA exam. It's an exam related to law.
Or you can get admission without the exam but through management quota seat or means donation. So talk to the related colleges where you want to take admission regarding this.
I would advise you to take exam like CAT, CMAT, MAT, etc., and get a good percentile and get admission on the basis of your marks.
Best of luck.

Yash, it won't be a good idea to waste one year. What if you are not able to score good in CAT 2017 and don't get a good college. Better would be you join MBA in LPU. LPU has one of the best business schools with ACBSP accreditation and good placements. LPU's business school is having highly qualified faculty from IIMs, IBSs, IITs, etc who work hard to make the students learn the subject.
LPU makes extra efforts by providing special inputs in the form of placement classes for best placements of its students.

The best MBA coaching institutes in Delhi are TIME, Career Launcher and IMS. You can also join Guru Dhronacharya Academy(few centres), Alchemist, Endeavor etc. The best are TIME and Career Launcher.

No reputed B-school admits people without appearing for any entrance exam. So no direct admission possible for MBA. You need to appear for a particular exam whose score is accepted by that B-school, clear the required cutoffs and perform well in the interview rounds(if any) to get admission into a good B-school.

Yes, you can prepare the same with full efforts.

Your probability of selection is good if competition remains low. However, try your best till the last phase.

1. Online Registrations for SNAP commences : August, 2017
2. SNAP Test Registration closes : November, 2017
3. SNAP Test payment closes : November, 2017
4. SNAP Test Admit Card available on website : December 05, 2017 to December 18, 2017
5. SNAP Test 2017 : December, 2017
6. Announcement of Result : January, 2018

This year wouldn't get admission as all the exams are done
And MAT and ATMA May Exam registration is closed
So, you better prepare for CAT, CMAT exam and get admission in better college next year.
Best of luck!