I am not quite aware about IIMM whether it is AICTE approved or not. If you are joining a UGC-approved university course, even if it is not approved by AICTE you will not suffer on any of the above accounts. Another point is that universities DO NOT require AICTE approval compulsorily, even if they might apply and take approval to add another feather to their cap. Alongside, UGC accreditation, I must say that the Lovely Professional University has lot of other accreditation in its different programmes offered in the University like:
1.National Council For Teacher Education (NCTE)
2. Council Of Architecture (COA)
3. Pharmacy Council Of India (PCI)
4. Indian Council Of Agricultural Research (ICAR)
5. Bar Council Of India (BCI)
6. The Institution Of Engineers (India)
7. Institute Of Town Planners, India (ITPI) and lot more...
Hence it is always advisable for one to not just hold one concern of accreditation or affiliation into account as one could explore it in details to have a better idea from the