The issue of Electoral Bonds should be halted forthwith, ordered the Supreme Court of India today while striking down the Central government's Electoral Bonds scheme as unconstitutional.
This article covers important judgments and orders passed by the Supreme Court during the month of December 2023, including when the Court was functioning at a limited capacity during the winter vacation.
The Supreme Court ruled that for a money-laundering case to be initiated on allegations of a criminal conspiracy, the conspiracy has to be tied to a money-laundering offence included in the scheduled offences under PMLA.
It is not open to the liquidator to act on third-party communication and cancel the auction unless it is found that fraud or collusion has vitiated the process, the Court added.