BCI Co-Chairman YR Sadashiva Reddy has formally requested Chairman Manan Kumar Mishra to step down.
The demand follows allegations that the Bar Council of India is being treated as a personal estate.
Reddy alleges a diversion of ₹150 crore in statutory funds to a private trust called BCI Trust PEARL First.
Claims of nepotism include the appointment of family members without merit-based processes.
More context
Reddy argues that Mishra's 14-year tenure undermines the elective nature of the office.
Reports indicate that Mishra allegedly pressured law colleges for contributions using regulatory power.
The controversy escalated following a withdrawn BCI circular targeting protesting NALSAR students.
Mishra, a Rajya Sabha MP, has dismissed the resignation demands as frivolous.
Protests by Delhi bar associations have occurred outside the Bar Council of India office.
A separate Supreme Court petition also challenges Mishra’s continuous tenure.
Reddy has called for a special audit of BCI accounts and the associated trust within 15 days.
Mishra maintains he was democratically elected and represents 25 lakh lawyers nationwide.