During my professional experience, I have met many folks from LIBA. Many were my peers, a few were above me, and a few reported to me.
General feedback about what they learn in b-schools : pretty much nothing, and my organization recruited a few of LIBA’s best people as we were one of the best paying ones. Their knowledge levels were way below par, even comparing it with their counterparts from say a TAPMI, or BIM Trichy. They were all good people though. Many from the batch got through because they were from a particular religious community, and they were there despite their pathetic CAT scores only because of recommendations from Church leaders.
Having said that, in terms of ROI, it is an excellent college, as most of the students got placed for decent salary packages (6–10 lacs), fees is less compared to others and has the advantage of being in a metro city with a few IT Companies.