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Definitely not recommended, since chances of bias are very high.
An ideal recommender is your immediate supervisor who is most likely to have an unbiased opinion about your work, and also has a bird's eye-view on your performance vis-a-vis the performance of your peer-group. -- Ashish.
There is a clear pecking order in terms of the right referees, starting from Best to Worst-
Client>Senior Management (only if they know you and can comment on your work)>Direct Supervisor>Senior Manager (Not supervisor) >Colleague>Juniors>Faculty>Friends>Vendors>Family. Colleagues and ranked below should be avoided.
Best Varun MBAkarma.com
Anidhya
For ISB or IIMs can we get a colleague of ours to write the LOR?