A decision in this regard was taken at a JNU Students' Council meeting which went on till late on Wednesday night.
The varsity, however, clarified that it does not signify a "clean chit" to the students and that the final decision in this regard will be taken after examination of the report by the vice chancellor.
The panel is believed to have recommended expulsion of Kanhaiya, Umar Khalid, Anirban Bhattacharya and two other students.
An ABVP member has also been slapped with a fine of Rs 20,000.
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