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SC directs SBI to immediately stop issuing electoral bonds, asks ECI to make funding details public

India | February 15, 2024 12:13 IST

A five-judge Constitution bench headed by Chief Justice D Y Chandrachud delivered two separate but unanimous verdicts on pleas challenging the scheme. Pronouncing the verdict, the CJI said the scheme is violative of freedom of speech and expression under Article 19(1)(a) of Constitution.

Electoral bonds a process to turn black money into white, violates RTI, says SC | Key points

India | February 15, 2024 13:12 IST

In November 2023, a 5-judge Constitution Bench headed by CJI Chandrachud and comprising Justices Sanjiv Khanna, BR Gavai, JB Pardiwala, and Manoj Misra had reserved its verdict on pleas challenging the validity of the electoral bonds scheme after hearing the arguments for three days in a row.

Electoral bonds scheme is unconstitutional, rules Supreme Court in its big verdict ahead of polls

India | February 15, 2024 12:09 IST

The scheme, which was notified by the government on January 2, 2018, was pitched as an alternative to cash donations made to political parties as part of efforts to bring in transparency in political funding.