The Supreme Court has refused to ban the sale of electoral bonds from 1 April. The Supreme Court has ordered the hearing of the petition regarding the ban on bonds. This decision of the Supreme Court is important before the assembly elections of 5 states including West Bengal, Assam, Tamil Nadu. Earlier on Wednesday, the Supreme Court had reserved the judgment while hearing the case. However, the court then asked the question that if a political party gets 100 crore worth of bonds, then what is the control regarding the use of these bonds outside of illegal activities or political agenda?
Supreme Court refuses to ban sale of electoral bonds
Representative of the center is Attorney General K.K. Venugopal said that after the Electoral Bond Scheme was introduced in 2018, there was a ban on black money in electoral funding as no cash was taken. Bonds can be purchased only through check or DD. Senior Advocate Rakesh Dwivedi, appearing for the Election Commission, had said that the Election Commission is not opposing these bonds, but has expressed concern over its anonymity.
A writ petition by the Association for Democratic Reforms (ADR) has been filed by the Supreme Court to stop the new sale of electoral bonds from April 1 to decide on their validity. The NGO demanded an immediate hearing, stating that the sale of the new electoral bonds should be stopped until the apex court decides on three pending petitions challenging the Electoral Bond Scheme 2018.