Friends, much has already been spoken and written about the Electoral Bonds Unconstitutionality verdict of the hon’ble Supreme Court in the case of “Association for Democratic Reforms and Anr. v. Union of India & Ors. in Writ Petition (C) No. 880 of 2017 (hereinafter referred to as the ADR judgement).

In this landmark judgement the hon’ble Apex Court has held that:

(i) the Electoral Bond Scheme 2018, the proviso to Section 29C(1) of the Representation of the People Act 1951 (as amended by Section 137 of Finance Act 2017), Section 182(3) of the Companies Act (as amended by Section 154 of the Finance Act 2017), and Section 13A(b) of the Income Tax Act (as amended by Section 11 of Finance Act 2017) are violative of Article 19(1)(a) and unconstituti.