The contempt petition emphasized that any form of anonymity in political party finances contradicts the essence of participatory democracy and people s right to information as enshrined in Article 19(1)(a) of the Constitution.
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A five-judge Constitution Bench of the Supreme Court on Tuesday began hearing a batch of petitions challenging the electoral bonds scheme. The petitioners argued that the bonds are opaque and against the fundamental principles of the Indian Constitution. CPI(M), one of the petitioners in the case, also argued that the scheme does not block the black channel of money flow but creates an alternate anonymous white channel.
Senior advocate Prashant Bhushan, appearing for one of the petitioners, Association for Democratic Reforms (ADR), argued that the case goes to the root of India’s democracy and therefore, it should be decided before the elections. Bhushan contended that electoral bonds defeat the people's right to be informed and promote corruption in the country.
Advocate Bhushan also argued that the effect of the amendment has now led to subsidiaries of foreign companies that have never carried out legitimate business in India to secretly funnel hundreds of crores to a politi
A Constitution bench led by CJI DY Chandrachud will begin hearing next week the case concerning the legal validity of the electoral bonds scheme that facilitates anonymous donations to political parties.