Bhushan, appearing for the Association for Democratic Reforms, an NGO, sought a stay on the scheme on the grounds that it had become akin for accepting bribe, money laundering and channelisation of black money.

The Supreme Court will hear in January a plea seeking a stay on the electoral bond scheme meant for collection of funds by political parties to contest polls. Activist lawyer Prashant Bhushan on Wednesday told a Bench led by Chief Justice SA Bobde that around `6,000 crore had been collected so far under the scheme, which is being “misused by the party in power.” The ...