Solicitor General Tushar Mehta appearing for the Central Government told the Supreme Court bench of Justices BR Gavai and BV Nagarathna that the scheme and method of Electoral Bonds are so transparent that there cannot be any black money entering into it.

Sr. Advocate and activist lawyer argued in the court that "These issues strike at the root of our democracy. We have challenged amendments allowing electoral bonds, unlimited donations even by subsidiaries and retrospective changes to Foreign Contribution Regulation Act." 

Mr. Mehta in response to the statement of Mr. Bhushan made the statement in the court that "Methodology of donation is so transparent, it is impossible to get black money..It is most transparent and to say it strikes at democracy is wrong,"

The Bench observed that first, it will hear the argument of the matter shall be referred to a larger bench or not. 

On this Attorney General Venkatramani said that there is no urgency in the matter and the matter could be heard in January, 2023. In such situation Prashant Bhusan, Kapil Sibal and Sanjay Hegde said that the Gujarat Assembly election would be announced today and hearing the matter in January would mean more sale of Electoral Bonds. 

The Court has directed the matter to be listed on 06th December, 2022.