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Hello Sweta!
The following provided is the eligibility criteria to appear in CAT:
MBA/PGDM Admissions OPEN
So as per the third criteria point, the candidate id supposed to produce the certificates of the exams conducted in the degree programme. These certificates are issued by the university/college only if the student passes in all the semesters.
Unless you clear the re-examinations to cover your backs you will not be issued the certificates and hence your CAT exam will be affected directly.
Hope this helps. All the best!
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