The ultimatum was issued by Education Minister Dapong Rattanasuwan to the two rival factions at a meeting today mediated by the university committee at the order of the minister.
An informed source said after the meeting that the university committee proposed the two factions to resign en masse so the management of the university would fall under the jurisdiction of St Gabriel Foundation which will handpick a new university council for Abac.
However, the source said that one of the two factions disagreed with the proposal.
The two sides are to meet again on January 5 at the order of the education minister and, if the conflict cannot be resolved, the source said that the education minister would invoke Section 86 of the Private University Act to take over the management of Abac and to appoint a working committee to act on behalf of the university council.