# BCI co-chairman seeks chairman Mishra’s resignation over fund transfer 2026-08-22T10:21:47+00:00 | Governance | Indian Opinion Desk Corroboration: 3 independent outlets Bar Council of India (BCI) co-chairman YR Sadasiva Reddy has written to chairman Manan Kumar Mishra demanding his immediate resignation over alleged financial irregularities and the controversial NALSAR enrolment directive. In a letter dated August 22, Reddy gave Mishra 15 days to step down, alleging that Rs 150 crore of BCI funds was transferred to a private trust called 'BCI Trust PEARL - First' registered in 2020 with trustees handpicked by Mishra. The Federal reports Reddy also claimed that Mishra's family members hold several BCI positions without proper process. Reddy's letter also cites the August 13 directive barring NALSAR University's graduating batch from enrolment, which was withdrawn hours later after condemnation from the Supreme Court and the Supreme Court Bar Association. Bar and Bench reports that Reddy said the directive was issued without council deliberation or authorising resolution, calling it 'reprisal for having held an opinion'. Reddy has also called for a special BCI meeting, an independent audit of accounts, and a halt to payments from law colleges seeking approval. ## Indian Opinion Analysis All three outlets report the same core allegations from Reddy's letter without editorialising, making this a uniform straight reporting story. The Federal leads with the Rs 150 crore transfer allegation, while Bar and Bench provides the most detailed account including Reddy's claim that law colleges paid 'contributions' of Rs 25 lakh to Rs 1 crore to the trust. NDTV Profit gives the briefest summary. No source reports a response from Mishra or any BCI official, so the story remains entirely one-sided. The concrete next step is Reddy's demand for a special council meeting and independent audit, which will determine whether these allegations proceed beyond a letter. ## Coverage Coverage: 3 sources, 3 neutral - thefederal.com (neutral report) Leads with the financial allegation but presents Reddy's claims without judgement - barandbench.com (neutral report) Provides most detailed account, quotes letter extensively but without slant - ndtvprofit.com (neutral report) Gives shortest version, straight factual summary of the letter This story was synthesised by AI from the 3 sources linked above. Updated: this story now draws on 3 sources. Last updated 2026-08-22T12:30:49+00:00. Tags: Bar Council of India, BCI Trust PEARL, Manan Kumar Mishra, NALSAR University, YR Sadasiva Reddy Canonical: https://indianopinion.org/bci-co-chair-seeks-chairman-mishras-resignation-over-rs-150-crore-fund-transfer/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/bci-co-chair-seeks-chairman-mishras-resignation-over-rs-150-crore-fund-transfer/#story-in-brief How this brief was made: an AI model read the reports linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. Stance labels are editorial classifications of how each outlet framed this story, assigned by the same model, not ratings of the outlets. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/