Does the quality of the law school you studied in matter during the selection process? Does a person who has studied in a better law school get more consideration than the others?
If you want a degree for namesake only then it doesn't matter whether you qualify from NLU or any Private Institute as both will provide BCI approved LLB.
Coming to the facilities, faculties and experience part then obviously NLU has got an Upper hand.
If your objective is to practice privately as an advocate after graduating, it doesn't matter where you get your degree from.