PATNA, Feb. 22 -- The National Medical Commission (NMC), the regulator of medical institutes, has given the state-run Patna Medical College Hospital (PMCH), the second oldest medical college in India, one last chance to pay within one month the penalty of Rs.4 lakh for existing deficiencies, failing which it will curtail MBBS seats and may additionally slap penalty up to Rs 1 crore, said NMC officials familiar with the matter....