Sunday, October 6, 2024
News

SC junks petition seeking review of verdict scrapping Electoral Bonds scheme

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | October 5, 2024 8:11:37 PM IST
The Supreme Court has dismissed a petition seeking a review of the Constitution Bench judgement by which it had struck down the Electoral Bonds Scheme, which allowed for anonymous funding to political parties.

A bench of Chief Justice of India DY Chandrachud, Justices Sanjiv Khanna, BR Gavai, JB Paridwala and Manoj Misra dismissed the review petition.

"Having perused the review petitions, there is no error apparent on the face of the record. No case for review under Order XLVII Rule 1 of the Supreme Court Rules 2013. The review petitions are, therefore, dismissed," the top court stated in its order, which dismissed the review petition filed by advocate Mathews J Nedumpara and others.

The apex court on February 15, while striking down the Electoral Bonds scheme, which allowed for anonymous funding to political parties, ordered the State Bank of India (SBI) to stop issuing Electoral Bonds immediately.

It had also held that the anonymous Electoral Bonds scheme violated the right to information of a voter guaranteed under Article 19(1)(a) of the Constitution.

It had unanimously quashed the Electoral Bonds scheme as well as amendments made to the Income Tax Act and the Representation of People Act, which had made the donations anonymous.

An Electoral Bond is an instrument like a promissory note or bearer bond which can be purchased by any individual, company, firm, or association of persons provided the person or body is a citizen of India or incorporated or established in India. The bonds are issued specifically for contribution of funds to political parties. (ANI)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
CBI files third chargesheet NEET UG-2024...
Tripura govt to fill up vacant posts bas...
Maharashtra: Fire breaks out at industri...
Apple begins assembling iPhone 16 series...
Gujarat: Vadodara Airport receives bomb ...
MP CM Mohan Yadav, cabinet ministers vis...
More...    
 
 Top Stories
Tripura govt to fill up vacant post... 
Maharashtra: Fire breaks out at ind... 
Apple begins assembling iPhone 16 s... 
NIA Court sentences 6 to imprisonme... 
Next Bridget Jones film is "extreme... 
Researchers shed more light on brea... 
Israeli Forces locate weapons cache... 
NSA Ajit Doval visits National Defe...