1. First of all you shall have to identify what is the fraud that has been committed by the said Company,

2. Did they promise you some thing which they did not or can not provide?

3. Did they assure you own building or a certain no. of teachers or such things which they did not comply with?

4. If there are discremencies in what they had promised you & what they have provided you then you can take the following steps,

a) File a police complaint u/s420 & 120B before the police &/or

b) Lodge a complaint case before the local District Consumer Dispute Redressal Forum alleging deficiency in service & unfair business practice claiming refund of the entire course fee paid with interest, damage & cost of the litigation,

1) what were the promises made by IAS educational Institute ? do you have any evidence of the commitments made by the said institute .

2) was it mentioned on website or in publicity material that institute has its own building , has panel of reputed teachers , experienced staff for running institute .

4) if so then you can file complaint against said institute and its administrator for cheating under section 420 IPC

5) you can also file complaint before District Consumer redressal forum and seek refund of your fees with interest and also seek compensation .

6) it is better you rope in other affected students too in your complaint against said institute

Agree with experts

1) You can file complaint against the administrator for cheating under section 420 IPC. If the police refuse to file FIR, file PCR before the magistrate.

2) Send legal notice and if he fail to do refund, file Consumer complaint alleging deficiency of service.