SC to hear plea challenging implementation of Electoral Bond Scheme in Jan

December 04, 2019 14:26

The Supreme Court has agreed to hear in January 2020 an application filed by the Association of Democratic Reforms seeking a stay on the implementation of the Electoral Bond Scheme notified by the Central government on January 2, 2018.

A Bench of Chief Justice SA Bobde, Justice BR Gavai and Justice Surya Kant posted the plea for hearing next month after advocate Prashant Bhushan sought an immediate stay in implementation of Electoral Bonds.

Bhushan told the court that a stay was sought on account of certain facts coming to light and the RBI had flagged concerns with the scheme. He contended that the scheme could lead to funneling of black money and lead to money laundering.

The Bench asked why a stay was sought one year after the scheme was brought in, to which, Bhushan replied that a PIL was filed in the matter last year, and an interim order was passed in the matter in April this year. -- ANI

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