Hi Gaurav!
I dunno if Welingkar is the best inst. for distance learning... but believe me..
i have spoken 2 some of my friends doing it from Welingkar and they are pretty happy with it.
Basically my friend said one can give the examinations in one of the aptech centres and since it is online u can chose any of the centres close 2 ur residence.
Again... notes and all are good and people are quite helpful.
as far as ur query abt the importance of the distance learnin/part time course stands...
u can read this article i came across on one of the sites...
its a story of a gal called trupti who did a part time course and is doin pretty well now...
the link is ...
Distance Learning/Part time
i hope i could give u some helpful advice.
all the best.