Challenging Electoral Bonds: AIBA's Call for Constitutional Clarity
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Challenging Electoral Bonds: AIBA's Call for Constitutional Clarity 1. Introduction: It submitted that the Supreme Court of India passed a verdict of far-reaching consequences on February 15, 2024, invalidating the Government of India's Electoral Bonds Scheme. It also ordered the State Bank of India to hand over details of the corporate contributions received by political parties by March 6, 2024 and further directed the Election Commission of India to make public the details. 2. Background: Legal Challenges to the Electoral Bonds Scheme On March 11, 2024, when the State Bank of India sought time till June 30, 2024, to disclose the Corporate Contributions, citing the complexity of the process, the Supreme Court rejected the plea and tasked the nation's largest Bank to reveal the information by March 12, 2024, to enable the Election Commission of India to make public all details by March 15, 2024. 3. Invalidating the Electoral Bonds Scheme: Senior Advocate Dr. Adish Aggarwal...