Can i sit & qualify for UGC Net exam?

I have done MBA . But it is from SMU and in distance mode. Moreover my age age has crossed 28 yrs so i will not be eligible for JRF fellow? Then is it wise to sit for Net? will i be able to compete with regular MBA's?
Update: This is a matter of life and death.Please I need an answer to this question as this very important to to me now for taking a decision.
Update 2: Pleaseee answer my question!!!
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