I have a few friends from Pune University and according to them, you will be eligible for placements. At Pune University, most of the companies have only two criteria for the placements.
Even if you had a year down or bad ATKT, it does not matter. If you have good aggregate and moderate aptitude and communication skills, you will get placed without much effort.
There might be some companies that may ask the reason for having a year down but this will not hinder your eligibility in HR and Technical HR interviews. You can also state your medical reasons if any.