New Delhi: A Constitutional bench comprising of Chief Justice of India DY Chandrachud, Justices Sanjiv Khanna, BR Gavai, JB Pardiwala, and Manoj Mishra heard a batch of petitions challenging the electoral bonds scheme.
The Finance Act 2017 introduced amendments in Reserve Bank of India Act, Companies Act, Income Tax Act, Representation of People’s Act and Foreign Contributions Regulations Act to make way for the electoral bonds. The case involved a batch of petitions challenging the amendments introduced by the Finance Act 2017 paving way for the anonymous electoral bonds scheme.
The petitions filed by NGOs Association for Democratic Reforms (ADR), the political party Communist Party of India (Marxist) challenge the scheme results in making political funding non-transparent as the electoral bond donors are kept anonymous.