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Hello!
Yes, many mba colleges accept graduation degree whether it's regular/distance/correspondence, if it's from the recognised board/institution and meet the eligibility percentage of individual institues. (Around minimum 50-60% for general)
Although it's a little difficult to get into top colleges with such graduation degree as in PI panelists ask the reasons and the reason you mention should be strong & valid to satisfy them.
You should perform really good in entrance exams like cat/mat/cmat/xat/nmat/ibsat/etc.
The few colleges that accept distance graduation from IGNOU are:
I hope this helps
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