38.6c New Delhi, India, Friday, May 24, 2024
Judiciary

SC to examine on April 11 on reference of Electoral Bonds issue to Constitution bench

By LawStreet News Network      21 March, 2023 11:12 PM      0 Comments
SC to examine on April 11 on reference of Electoral Bonds issue to Constitution bench

NEW DELHI: The Supreme Court on Tuesday agreed to consider if pleas challenging the validity of electoral bonds scheme should be heard by a Constitution bench as it was contended the issue involved here related to the core of finances of the political parties.

A bench of Chief Justice D Y Chandrachud and Justice P S Narasimha fixed the matter on April 11 for examining the question of reference to the five-judge bench.

Appearing for a petitioner, advocate Shadan Farasat contended one of the aspects in the matter related to the core of the finances of political parties and this issue required an authoritative pronouncement.

He said the court may examine this matter to be considered by a Constitution bench, in view of the important questions involved here.

Senior advocate Dushyant Dave, appearing for Association for Democratic Reforms, also one of the petitioners, said, “We will only benefit, if it is a constitution bench. It will not harm anybody. Yes, this issue goes to the core of our democratic existence. Rs 12,000 crore till now and the largest party gets more than two-third”.

He also cited Karnataka Assembly elections to be held within months before which another tranche of electoral bonds would be open for sale.

The bench asked the Centre’s counsel, whether she is ready to argue on the aspect of referring the matter to a constitution bench.

The counsel said that Attorney General R Venkataramani, who was not present in the courtroom during the hearing, would have to argue whether a reference should be made to the Constitution bench or not.

On October 14, 2022, the Centre had claimed before the court that the electoral bonds scheme is an absolutely transparent mode of political funding and there was no possibility of black money in it.

NGO Association for Democratic Reforms (ADR) and others have challenged the validity of the Centre’s electoral bonds scheme introduced on January 2, 2018 as a source of political funding for being opaque.  

On March 27, 2021, the top court had rejected the charge that the scheme was totally opaque, saying the apprehension that foreign corporate houses may buy the bonds and attempt to influence the electoral process in the country, was "misconceived".

It had pointed out that under Clause 3 of the Scheme, the Bonds may be purchased only by a person, who is a citizen of India or a company incorporated or established here. The court had also noted the purchase as well as encashment of the bonds, happening only through banking channels, is always reflected in documents that eventually come to the public domain.

In April, 2019, the top court had directed all the political parties to submit details of the receipt of Electoral Bonds to the Election Commission in a sealed cover.



Share this article:

User Avatar
About:


Leave a feedback about this
TRENDING NEWS

no-legal-mandate-for-uploading-of-form-17c-on-website-or-handing-over-to-anyone-other-than-candidate-or-agent-ec-tells-sc
Trending Judiciary
No legal mandate for uploading of Form 17C on website or handing over to anyone other than candidate or agent, EC tells SC

EC tells SC there's no legal mandate to upload Form 17C on websites or provide it to anyone other than candidates or agents, citing risks of misuse and mistrust.

23 May, 2024 11:28 AM
mp-high-court-grants-police-protection-to-couple-facing-honour-killing-threats-over-marriage
Trending Judiciary
MP High Court Grants Police Protection to Couple Facing Honour Killing Threats over Marriage [Read Order]

MP High Court grants police protection to a couple facing death threats from their parents for marrying without consent, citing serious measures against honor killings.

23 May, 2024 03:45 PM

TOP STORIES

sc-notice-to-ec-on-plea-by-adr-for-release-of-voters-turnout-data
Trending Judiciary
SC notice to EC on plea by ADR for release of voters turnout data

SC issues notice to EC on ADR plea to release voter turnout data. SC demands EC to disclose vote counts within 48 hours after each phase of the 2024 Lok Sabha polls.

18 May, 2024 11:16 AM
recovered-direct-chats-between-kejriwal-and-hawala-operators-on-transfer-of-money-ed-claims-before-sc
Trending Judiciary
Recovered direct chats between Kejriwal and hawala operators on transfer of money, ED claims before SC

ED claims to have recovered direct chats between Kejriwal and hawala operators on money transfer in Delhi liquor policy scam; SC reserves judgement on arrest appeal.

18 May, 2024 11:47 AM
delhi-hc-refuses-jackie-shroff-interim-relief-against-youtuber-unfilteredthugesh-for-alleged-personality-rights-infringement
Trending CelebStreet
Delhi HC refuses Jackie Shroff interim relief against Youtuber 'UnfilteredThugesh' for using "Thug Life" in video on Shroff

The Delhi High Court has refused Jackie Shroff interim relief against Youtuber 'UnfilteredThugesh' for alleged personality rights' infringement.

18 May, 2024 05:20 PM
abuse-under-sc-st-act-has-to-be-in-public-view-to-make-out-offence-sc
Trending Judiciary
Abuse under SC/ST Act has to be in public view to make out offence: SC [Read Judgment]

SC rules abuse under SC/ST Act must be in public view. Case involves Olympic Riding and Equestrian Academy, highlighting key requirements for the offence.

18 May, 2024 05:45 PM

ADVERTISEMENT


Join Group

Signup for Our Newsletter

Get Exclusive access to members only content by email