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CPI Welcomes Supreme Court Order on Electoral Bonds

The five-judge constitution bench of the Supreme Court of India headed by the Chief Justice of India D Y Chandrachud today (on March 11, 2024) directed the State Bank of India to furnish the details of the electoral bonds purchased by companies and individuals and of the bonds encashed by political parties tomorrow (March 12, 2024). In a tough order, the apex court rejected the SBI plea for extension of time.

The National Secretariat of the Communist Party of India welcoming the directive of the bench said that through the present order the court has saved our democracy and electoral system. The unscrupulous scheme, designed to finance the BJP by anonymous corporate donors, had become a matter of serious concern. The Party also hails the warning of punitive action on bank’s failure to do on the stipulated date, that is, by March 12.

In another directive, the apex court asked the Election Commission of India to publish the details to be furnished by the SBI on its website by 5 p.m. on March 15, 2024.

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