38.6c New Delhi, India, Monday, August 04, 2025
Top Stories Supreme Court
Political NEWS Legislative Corner Celebstreet International Videos
Subscribe Contact Us
close
Judiciary

Electoral Bonds,' Supreme Court to begin final hearing on October 31

By LAWSTREET NEWS NETWORK      10 October, 2023 06:40 PM      0 Comments
Electoral Bonds Supreme Court to begin final hearing on October 31

NEW DELHI: The Supreme Court on Tuesday said the final hearing upon the validity of the Centre's electoral bonds scheme would begin on October 31.

A bench of Chief Justice of India D Y Chandrachud and Justices J B Pardiwala and Manoj Misra said it will begin the final hearing on the matter on October 31, and would continue on November 1, if there is a spill over the hearing.

Advocate Prashant Bhushan, for NGO ADR, submitted anonymous funding to political parties through the bonds violated right to information of citizens and promoted corruption.

The bench asked, "Does the source of funding take place through banking channels? How does the scheme work? Purchase of an electoral bond happens through a bank transfer or cash?"

Bhushan said the source of the fund is known to the State Bank of India (SBI) and they will not disclose, and the total amount can be from Rs 10,000 to Rs 1 crore.

The bench sought to know if the electoral bond is like a bearer bond or it is the bond in persons name.

The bench asked Bhushan, What about the money bill issue, are you pressing it here and we do not want to compel you to give it up because that is pending before seven-judgeall seven-judge and nine-judge matters are listed for directions on October 12. Would you like us to hear this, minus the money bill?

The counsel said, The court may consider hearing it de hors money bill issue".

Bhushan said that the challenge to the electoral bonds scheme should be decided before the general election scheduled next year. He asked the court to allow petitioners to argue on issues other than money bill.

The court finally fixed the date of hearing as Attorney General R Venkatramani also agreed to it.

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 Centres 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:

About:

Explore Comprehensive Legal Reporting with LawStreet Journal: Your Go-To Source for Supreme Court an...Read more

Follow:
TwitterLinkedinInstagram


Leave a feedback about this
Related Posts
View All

Another CBI Officer Investigating Rakesh Asthana Moves SC Against Transfer, Makes Startling Revelations Another CBI Officer Investigating Rakesh Asthana Moves SC Against Transfer, Makes Startling Revelations

After A.K. Bassi, another CBI officer who was investigating corruption allegations against Special Director Rakesh Asthana moved the Supreme Court.

Ayodhya verdict: SC rules in favour of Ram Lalla, Sunni Waqf Board gets alternate land Ayodhya verdict: SC rules in favour of Ram Lalla, Sunni Waqf Board gets alternate land

SC bench led by CJI Ranjan Gogoi has allotted the dispute site to Ram Janmabhoomi Nyas, while directing the government to allot an alternate 5 acre land within Ayodhya to Sunni Waqf Board to build a mosque.

Supreme Court: Money Spent On Judiciary Less Than 1% In All States Except Delhi Supreme Court: Money Spent On Judiciary Less Than 1% In All States Except Delhi

The court guided all states to document their response to the commission's report within four weeks. If any of the states fail to file a response, it will be presumed that they have no objections to the recommendations made by the commission, the court said.

Supreme Court Top Panel Names Chief Justices for Bombay, Orissa and Meghalaya High Courts Supreme Court Top Panel Names Chief Justices for Bombay, Orissa and Meghalaya High Courts

On April 18, 2020, the Supreme Court Collegium recommended new Chief Justices for three High Courts. Justice Dipankar Datta was proposed as Chief Justice of the Bombay High Court, succeeding Justice B.P. Dharmadhikari. Justice Biswanath Somadder was nominated as Chief Justice of Meghalaya High Court, while Justice Mohammad Rafiq was recommended for transfer as Chief Justice of Orissa High Court.

TRENDING NEWS


TOP STORIES

why-so-many-students-dying-by-suicides-sc-asks-iit-kharagpur
Trending Judiciary
Why so many students dying by suicides, SC asks IIT Kharagpur

SC asks IIT Kharagpur why students are dying by suicide; raises concern amid rising campus deaths despite new mental health guidelines.

29 July, 2025 11:51 AM
sc-takes-suo-motu-cognisance-of-dog-bite-incidents
Trending Judiciary
SC takes suo motu cognisance of dog bite incidents

Supreme Court takes suo motu cognisance of rising dog bite cases after 6-year-old girl dies of rabies; terms media report alarming and disturbing.

29 July, 2025 01:38 PM
sc-quashes-fir-against-ace-shuttler-lakshya-sen-others-for-forging-birth-certificate
Trending Judiciary
SC quashes FIR against ace Shuttler Lakshya Sen, others for forging birth certificate [Read Judgment]

SC quashes FIR against shuttler Lakshya Sen, says forgery case based on vendetta, lacked merit and abused criminal process.

29 July, 2025 04:20 PM
supreme-court-to-hear-presidential-reference-on-bill-clearance-timelines-from-august-19
Trending Judiciary
Supreme Court to Hear Presidential Reference on Bill Clearance Timelines from August 19

SC to hear Presidential Reference on timelines for Governors & President to clear Bills, from Aug 19 to Sept 10; Kerala & TN oppose maintainability.

29 July, 2025 04:43 PM

ADVERTISEMENT


Join Group

Signup for Our Newsletter

Get Exclusive access to members only content by email