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The Supreme Court delivered its verdict on the petitions challenging the validity of the electoral bond scheme. Let us tell you that the Supreme Court has banned the electoral bond scheme by declaring it unconstitutional.
Giving a unanimous verdict, the CJI said that SBI will have to make the information public from April 12, 2019. The SBI will have to provide this information to the Election Commission and the Election Commission will share this information.
Chief Justice DY Chandrachud said there were two separate but unanimous judgments. While banning the electoral bond scheme, the Supreme Court held that anonymous electoral bonds violated the right to information and freedom of expression guaranteed by the Constitution.
CJI Chandrachud said that citizens' fundamental right to privacy includes political privacy and the right to association. In fact, in November last year, a constitutional bench of 5 judges headed by CJI DY Chandrachud heard this matter.
In the bench, Justice Sanjeev Khanna, B.R. Gawai, J.B. A division bench of Pidiwala and Justice Manoj Misra reserved its verdict in the matter after hearing arguments for three consecutive days.
The petitioners had argued before the Supreme Court that the electoral bond scheme violates citizens' fundamental right to information under Article 19(1), enables backdoor lobbying and encourages corruption.
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