"We will pass an order," a bench of Chief Justice G Rohini and Justice Rajiv Sahai Endlaw said.
The court was hearing an interim application, filed in a pending PIL, by Rajeev Kumar through lawyer Prashant Bhushan.
It has been alleged in the plea that IITs have been opposing "tooth and nail" the suggestion that a common database be prepared of all the candidates who clear the IIT and the NIT entrance examination.
"Suppose, a student takes up admission in an IIT in Chemical Engineering and later, takes admission in Computer Science stream in a NIT-run college. The common database will alert the IIT/NIT about the dual admissions and one of the subsequent admissions will get canceled automatically," Bhushan said.
This will stop the waste of "scarce" natural resource and the vacant seat will go other deserving candidate, he said.
The counsel for IIT, however, opposed the plea saying that it will open the "Pandora's box" and said that IITs only come to about the vacancies by the mid of September when students do not attend the classes.
Earlier, a PIL was filed in 2010 alleging irregularities and lack of transparency in admission process adopted by the IITs.
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