Yechury and his party have challenged the Centre's decision in the Supreme Court on issuing electoral bonds to cleanup corporate fundings to the political parties.
The apex court has sought the Centre's response on the petition.
A bench of Chief Justice Dipak Misra and justices A M Khanwilkar and D Y Chandrachud has issued notice on the plea and said it would be tagged along with another pending petition.
He added that the current BJP-led central government, through the Finance Act 2017, had amended four different statutes -- the Reserve Bank of India Act 1934, the Representation of People Act 1951, the Income Tax Act 1961 and the Companies Act 2013 -- to introduce the concept of electoral bonds.
These bonds were operationalised by the Centre through a notification on January 2.
Alleging that the Congress and the BJP used their stints in power to frame policies that suited the corporates, the CPI(M) leader said corporate fundings to the political parties should be banned.
Yechury contended that the constitutional challenge to the electoral bonds was on the ground that they flew into the face of the "Right to Know" under Article 19(1)(a) of the Constitution, was "arbitrary and thus, violative of Article 14".
He further said that the bonds were introduced by perpetrating a "fraud" on the Constitution by passing the bill as a Money Bill, even though it did not qualify as one under Article 110 of the Constitution.
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