‘Electoral Bond Scheme Unconstitutional…’: Supreme Court cancels scheme

New Delhi: The Supreme Court on Thursday pronounced its verdict on petitions challenging the validity of the electoral bonds scheme. The Supreme Court has canceled the electoral bond scheme.

The Supreme Court’s decision to declare the electoral bond scheme unconstitutional in an election year is a big setback to the central government. “Violation of Right to Information for the purpose of curbing black money is not justified.”

The electoral bond scheme violates the right to information and freedom of expression. A five-judge Constitution bench headed by Chief Justice D Y Chandrachud had reserved its verdict in the case on November 2 last year.

During the hearing of the case, CJI DY Chandrachud said, “We have reached a unanimous decision. My decision was supported by Justice Gavai, Justice Pardiwala and Justice Manoj Mishra. There are two opinions in this, one is mine and the other is Justice Sanjiv Khanna. Both arrive at the same conclusion, however, there is a slight difference in the arguments.”