Live Law

2023-11-01 10:19:09.0

  • SG Mehta: The 15 day limit is to reduce the issue of qui pro quo arrangements. I'll explain when I'm explaining the scheme.

    CJI: The donor doesn't necessarily buy this bond. The person who buys the bond may not be the donor. Second, the person who buys - their balance sheets will reflect the amount of bonds. Balance sheets of purchaser will reflect, not the donor.

    CJI: Then the Finance Minister in his speech says- when the cash is given, the source of money, the donor, and where it is spent is not known. Therefore, atleast now it'll be known. How will this be known?

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