Supreme Court
The Supreme Court has canceled the anonymous electoral bond scheme. The court has considered the electoral bond scheme as a violation of Article 19(1)(a) and unconstitutional. Along with this, the Supreme Court canceled the electoral bond scheme. The Supreme Court says that the electoral bond scheme will have to be canceled by declaring it unconstitutional. The Supreme Court ordered that banks immediately stop issuing electoral bonds. Supreme Court orders that SBI will submit details of electoral bonds taken by political parties. The Supreme Court says that SBI will submit the details to the Election Commission of India and the ECI will publish these details on the website.
The court said that not giving information about donations is unconstitutional. Besides this, it is also a violation of the right to information. The Supreme Court said that voters have the right to know who has donated to the parties. On the petitions challenging the legal validity of the Central Government’s electoral bond scheme, CJI DY Chandrachud says that there are two different decisions. One was written by him and the other by Justice Sanjiv Khanna and both the judgments are unanimous.
Names of donors should be disclosed
Supreme Court says information about corporate contributors through electoral bonds should be disclosed as donations by companies are purely for quid pro quo purposes. The Supreme Court believes that the Anonymous Electoral Bond Scheme is a violation of the Right to Information under Article 19(1)(a). The Supreme Court says that political parties are relevant entities in the electoral process and information about the funding of political parties is essential for electoral choices.
Parties should tell how much money they received
The Supreme Court has ordered the State Bank of India (SBI) to provide information to the court about the Electra bonds. SBI should immediately stop issuing electoral bonds. The court said that political parties should tell how much money they received from electoral bonds.
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