Students of the Industrial Training Institute at Rangamati in West Midnapore district rushed on stage as the dancer began pouring water on herself at the event organised by the Trinamool Chhatra Parishad on Sunday.
The programme, which started late at night, was beamed by television channels.
TMCP district president Ramaprasad Giri, who was present at the function, today said he had left before the dancer's performance.
"I have asked for a detailed report from the college unit of TMCP. Action will be taken after getting the report," Giri said.
Students union officials were unavailable for comment.
Earlier, on January 1, the party's foundation day, skimpily clad dancers were showered with currency notes by TMC leader and Zilla Parishad member Mir Tahir Ali which led to his suspension.