A bench comprising Chief Justice Dipak Misra and Justices A M Khanwilkar and D Y Chandrachud directed the Centre and the poll panel to file their response.
"Please take this matter with due seriousness," the bench observed while noting that the government and the Election Commission have not filed their reply despite notices being issued to them.
It had earlier agreed to examine the constitutional validity of Section 29A of the 1951 Representation of the People Act (RPA) which deals with the power of the poll panel to register a political party.
The plea claimed that under the statutory schemes, the poll panel was empowered to register political parties, but it lacked the authority under the RPA to de-register them.
The petition, filed by a lawyer and Delhi BJP spokesperson Ashwini Kumar Upadhyay, has said that if a person on conviction in a criminal case was barred from contesting elections, it would be incongruent to allow such person to form or head a political outfit.
It has sought a ban on convicted persons from forming a political party and becoming office bearers for the period they are disqualified under the election laws.
It has sought a direction to declare Section 29A of the RPA as "arbitrary, irrational and ultra-vires" to the Constitution and to authorise the poll panel to register and de-register political.
The plea has also sought a direction to the EC to frame guidelines to decriminalise the electoral system and ensure inner party democracy, as proposed by the National Commission to Review the Working of the Constitution (NCRWC).
The petition named several top political leaders who have been convicted or have charges framed against them and were holding top political posts and "wielding political power".
It said the proliferation of political parties has become a major concern as Section 29A of the Representation of of the People Act, 1951, allows a small group of people to form a political party by making a very simple declaration.
The plea also claimed that in 2004, the poll panel had proposed amendment to Section 29A, authorising it to issue apt orders regulating the registration or de-registration of political parties.
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