New Delhi: Supreme Court on 15 February strikes down the electoral bonds scheme. A five judge Constitution bench headed by CJI Chandrachud had given this decision. Electoral Bond Scheme allows for anonymous funding to political parties. The Supreme Court declared this scheme as an unconstitutional.
The judges CJI DY Chandrachud, Justices Sanjiv Khanna, BR Gavai, JB Pardiwala and Manoj Misra pronounced the judgment on the validation of this Electoral Bond Scheme. The validity of electoral bonds was challenged in the Supreme Court. Chief Justice Chandrachud read the verdict in this case.
The Chief Justice said that the question before us was whether the funds received by political parties come under the right to information. Our Constitution Bench has two opinions. But the conclusion is the same. Citizens have the right to know where the money coming to the government comes from and where it goes.
The Central Government in an affidavit had said that the Electoral Bonds Scheme are totally transparent mode of funding.
