Red Flags
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Sanjit Bhattacharya
Sanjit Bhattacharya, founder of Red Stone Resources, has been linked to legal disputes and allegations over the years. From contract breaches to recent fraud accusations, his company’s business practices continue to face scrutiny
Quick summary on Sanjit Bhattacharya
Sanjit Bhattacharya, the founder and president of Red Stone Resources, has been associated with various legal proceedings and allegations over the years. Red Stone Resources, founded in 2007, specializes in acquiring and managing oil and gas assets, with investments in regions such as Bakken, Haynesville, STACK, SCOOP, MERGE, and more recently, the Permian-Midland and Delaware basins. While the company has grown significantly, it has also faced legal challenges and accusations regarding its business practices.
Legal Proceedings: In 2016, a lawsuit titled BDV Engineering LLC et al. v. Red Stone Resources LLC et al. was filed in the U.S. District Court for the Western District of Oklahoma. The plaintiffs, including BDV Engineering LLC, B2 Energy LLC, and Bickerstaff Associates Inc., pursued legal action against Red Stone Resources, Sanjit Bhattacharya, and Topan K. Bhattacharya over business disputes, with counterclaims filed by the defendants. A few years earlier, in 2013, another lawsuit, Aldo A. Battiste, Jr. v. Sanjit Bhattacharyz, involved allegations of breach of contract related to Quatro Amici, LLC, an oil and gas exploration company in Oklahoma.
Recent Allegations: More recently, in January 2025, reports surfaced regarding accusations of data theft and fraud against Red Stone Resources, LLC, and Energy Advisors Group, with specific allegations involving David Kessler. These reports suggest unethical business practices, though the details and outcomes remain pending.
Staying Informed: These legal challenges and allegations suggest that there may be concerns regarding Red Stone Resources’ business practices. To stay informed about regulatory warnings, lawsuits, and customer complaints related to Sanjit Bhattacharya, individuals should monitor reputable news sources, review public records, consult regulatory agencies, and engage with consumer protection organizations.
As legal matters continue to unfold, staying updated will provide a clearer picture of their potential impact on the company and its stakeholders.
by: Audrey Gonzalez
Too many accusations and legal issues surrounding this guy. Definitely wouldn’t recommend working with him.
by: Chloe Sanders
Why would anyone deal with a company that’s always in legal trouble? Doesn’t sound like a safe investment to me.
by: Andrew Hayes
These guys have too many red flags. From legal issues to accusations of fraud, I’m not touching anything they’re involved with
by: Eli Phillips
I don’t care how big they’ve grown, if they keep getting sued, there’s something wrong with how they run things.