Source:-The Logical Indian.
The court said since bonds were allowed to be released in 2018 and 2019 without interruption, there is no justification to stay the electoral bonds at present when there are sufficient safeguards.
The Affiliation for Democratic Reforms (ADR), a non-governmental organization working within the space of electoral and political reforms, had moved the courtroom in search of an interim keep on sale of electoral bonds scheduled between April 1 and April 10. Its plea had acknowledged that the sale of bonds be barred until issues associated with political events’ funding and transparency of their accounts are sorted out. It had raised suspicion that entrance corporations would fill in political coffers forward of the upcoming meeting polls in West Bengal, Assam, and different states.
A bench, headed by Chief Justice of India SA Bobde, held that the electoral bonds were being issued periodically after consultation with the Election Commission of India and that there was no change in circumstances that required it to put brakes on the sale at this juncture. The Supreme Court on Friday declined to stop the fresh sale of electoral bonds from April 1 till it decides on the validity of the instrument used for donating money to political parties.
The court order came on an interim application moved by the Association for Democratic Reforms (ADR), which requested that the court restrain the sale of these bonds ahead of the assembly elections in four states and a Union Territory.
The elections start on March 27 and end on April 29. The counting of votes is on May 2.