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Supreme court to hear plea against issuing fresh electoral bonds

Date: 22 March 2021 Tags: Judiciary & Judgments
  • The Supreme Court has agreed to hear next week a plea to stop fresh sale of electoral bonds from April 1 till the top court decides on the validity of these bonds.
  • The court was hearing application by the Association for Democratic Reforms (ADR), which has requested the court to put a restraint on sale of these bonds ahead of the assembly elections in four states and a Union Territory.
  • The petitioner allege Electoral Bonds Scheme has opened the floodgates to unlimited corporate donations to political parties and anonymous financing by Indian as well as foreign companies which can have serious repercussions on the Indian democracy.