I have done my pg diploma fron chitkara network1.chandigarh,now network1 has resigned from chitkara ?

now chitkara has become university they are issuing the diploma but on the another hand they are giving the option of masters...we are suppose to attend regular cles for one year that is till august.....but i am really confused what should i do...should i collect the diploma or continue with my masters...than apply for job