The Supreme Court will hear a long-pending case against the government’s electoral bonds scheme on September 19, Live Law reported on Thursday.
The petition filed by Non Governmental Organisation Association for Democratic Reforms has been listed in the advance cause list for that day.
Electoral bonds are monetary instruments that citizens or corporate groups can buy from a bank and donate to any eligible political party, which can then redeem them for money.
Former Union Finance Minister Arun Jaitley had announced this scheme in his Budget speech in 2017, claiming the government wanted to clean up political funding and make it a transparent process.
However, the entire process is anonymous since no one is required to declare their purchase of these interest-free bonds and political parties do not need to show the source of the money. The government had contended that the money is unlikely to be “black” since it has to be given by cheque.
The case last came up for hearing before the Supreme Court on March 26, 2021. At that time, a bench headed by then Chief Justice of India SA Bobde had dismissed an application by Association for Democratic Reforms, demanding that any fresh sale of electoral bonds be stayed.
The NGO had filed the application ahead of Assembly elections that were held in…