CPI(M) Hails Supreme Court’s Electoral Bond Verdict

The Polit Bureau of the CPI(M) hailed “the historic judgment” of the Supreme Court, which has struck down the electoral bonds scheme as unconstitutional.  By this verdict, the left party said, “this unscrupulous scheme designed to finance the ruling party by anonymous corporate donors has been completely scrapped”.

In a press release, the party said they had declared at the outset itself that the Party will not accept electoral bonds as this scheme legalizes corruption.

The CPI(M) had challenged the electoral bonds scheme in the Supreme Court along with other petitioners. “It is gratifying that the main contentions set out in the petition against the scheme have been upheld,” the statement said.

“It is essential now that reforms for political and electoral funding are introduced to ensure transparency, clean funding and a level playing field,” the party added.

On Thursday, while delivering the verdict on electoral bond case, the Chief Justice of India DY Chandrachud said that they have arrived at an unanimous decision. “Information is essential for the right to vote,” the top court stated in the verdict. A five judge constitution bench of Chief Justice of India DY Chandrachud and Justices Sanjiv Khanna, BR Gavai, JB Pardiwala and Manoj Misra unanimously quashed the scheme as well as the amendments. The top court emphasized that voters have the right to essential information necessary for casting their votes.