nationalhigh 15 February 2024
Supreme Court Strikes Down Electoral Bonds Scheme as Unconstitutional
Summary
On 15 February 2024, a 5-judge Constitution Bench of the Supreme Court, led by CJI DY Chandrachud, unanimously struck down the Electoral Bonds Scheme as unconstitutional. The scheme, introduced in 2018 via the Finance Act, allowed anonymous political donations through bonds. The court held that it violated the right to information (Article 19(1)(a)) and was arbitrary. The court directed SBI to submit details of bond purchases to the Election Commission by 6 March 2024, and the EC to publish them by 13 March 2024.
📌 Important Facts
- 15-judge Constitution Bench, CJI DY Chandrachud, verdict 15 Feb 2024.
- 2Electoral Bonds Scheme (2018) struck down as unconstitutional.
- 3Violated Article 19(1)(a) — right to information.
- 4SBI directed to submit bond details to EC by 6 March 2024.
- 5EC directed to publish details by 13 March 2024.
Entities Mentioned5
Related GK Topics3
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