Why electral bond is baned by Supreme Court?and when ?

These bonds were not actual tradable instruments but allowed for contributions to be made by individuals or companies to a political party through a banking channel.The court decided that contributions made for political funding cannot be anonymous and the electoral bonds are no longer a valid mode for donating to political parties.Giving anonymity to donors making large contributions goes against that fundamental right.The scheme is arbitrary and against India’s constitutional principles and needs to be struck down, country’s top judge D. Y. Chandrachud said, while pronouncing the order on behalf of the five-judge bench. The supreme court banned electoral bonds on 15 th February 2024