"Is there any cheaper universities for MBA for int'l students that will issue I-20???  or any grad school that doesn't require GRE/GMAT??"

It seems to me that Blyton is interested more in getting the I-20 in very little time, pay cheaper fees and get by with the status thing, than pursuing MBA. So, Chakrapath Int'l Univ. is out of question.

I've heard of an University in Dallas, TX  where they do not require GRE/GMAT. I'm sorry, I don't know what the tuition fees are over there. Hope this helps.