Vedanta donations: SC issues notice to Centre, EC
23 Nov 2014 4:26 AM IST
The Supreme Court on Friday issued notice to Centre and Election Commission on BJP’s plea challenging Delhi High Court’s verdict holding the ruling party along with Congress prima facie guilty of violating the foreign funding law by receiving donations from UK-based Vedanta Resources’ subsidiaries.
Agreeing to hear the appeal, a bench headed by Chief Justice HL Dattu issued notice and tagged the case with plea filed by Congress which also challenged the verdict.
Challenging the order, BJP contended that HC erred in interpreting the law and Anil Agarwal and members of his family hold more than 50 per cent share in the firm and any contribution made by them will not be deemed to be from a foreign source. HC had held that Vedanta is a foreign firm as per the Companies Act and therefore, the firm and its subsidiaries, Sterlite and Sesa, are foreign sources as per Foreign Contribution (Regulation) Act.
Agreeing to hear the appeal, a bench headed by Chief Justice HL Dattu issued notice and tagged the case with plea filed by Congress which also challenged the verdict.
Challenging the order, BJP contended that HC erred in interpreting the law and Anil Agarwal and members of his family hold more than 50 per cent share in the firm and any contribution made by them will not be deemed to be from a foreign source. HC had held that Vedanta is a foreign firm as per the Companies Act and therefore, the firm and its subsidiaries, Sterlite and Sesa, are foreign sources as per Foreign Contribution (Regulation) Act.
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