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..ISBConnect.. GMAT Accepting B-Schools

Dear puys,
A while ago I started an initiative called 'ISBConnect' to help all you prospect students with two issues:
1. Clear any queries and doubts that you may have with regards to applying to the Indian School of Business
I had created a common word document to help answer individual...
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Hey guys i am planning to go for ISB with 7 years of entrepreneurial experience....i am worried about reference/background check on one of my ex co-founder with whom I dont have a great relationship now....i dont want to get selected at isb spend 25 lacs and 1 year and then get placed with a great job but rejected/expelled later fom the company when they conduct the regular background checks...any consolations on this matter, what is the usual process which HR follows for isb campus placed graduates??.
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