Allegations of transfer of BCI assets to trust matter of concern: Supreme Court

NEW DELHI: Supreme Court said Wednesday allegations of Bar Council of India's assets being transferred to a trust created by the BCI chairperson are a matter of concern and it has to be examined. SC also agreed to examine whether it has the power to establish and regulate law colleges and universities.The court was hearing petitions questioning the functioning of BCI-Pearl First Trust and the establishment of law colleges by the trust. It sought BCI's response on the issues within two weeks. A bench of CJI Surya Kant and Justices Joymalya Bagchi and V Mohana asked how BCI can be considered an expert body to regulate legal education when law scholars and academics are better suited to deal with academic matters. "How can BCI regulate law colleges? That's the real question. Their statutory role comes into existence only after one gets a licence.