SC refers electoral bond case to 5-judge Constitution Bench
The Supreme Court decided to refer a group of petitions challenging the electoral bond scheme for political party funding to a five-judge Constitution bench. The bench, led by Chief Justice D Y Chandrachud, received an urgent application requesting a conclusive judgment. The matter is set to be heard on October 30.
Urgent Referral: The Supreme Court received an urgent application requesting a larger bench to provide a conclusive judgment on the validity of the electoral bond scheme.
Concerns Raised: One of the PIL petitioners had stated in March that a substantial amount, totaling Rs 12,000 crore, had been paid to political parties through electoral bonds. Furthermore, it was noted that a significant portion of this amount had been directed to a major political party, raising concerns about fairness and transparency.
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