I dunno why but i wud like to take IMT's Side ,
It has been clearly been pointed out by someone a few pages back that the 360 ppl who got in are not the first 360 ranks .. Think: why wud they ask for an application letter for upgradation if it had been the top 360 they wud have just upgraded according to their pref sheet. Neways my take is that (and i firmly believe it ) lets say a handful of people mayb 40-50 for FT and 20-30 for Finance were kept in waiting list for that particular stream , i know it sounds foolish but remember how IMI came up with 247 names for 120 Seats ? ok so these guys are still in the waitlist while the lower ranked people have got other courses.
Another thing to think about , if it was the top 360, we wud have got waitlist nos. Clearly in such a case a waitlist no. is impossible. lets say FT waitlist Guy vs IMT (HR) Admit.... Here HR guy will think why is he not beign upgraded and waitlist no. 1 guy gettin my hogher preferred course. if u think logically, you will understand that IMT is doing this just to avoid false hopes among students.
Peace!
Parimal
p.s. Waiting for 15th anxiously, CAT %ile 97.xx , GD Good , PI Good, Work ex- 1 yr { may'08 }
p.s.s. Dont groan if u think i m wrong , just putting my views forward ( and this is why i have always been groaned at

,