Direction: Assume that the statements in the passages are the applicable law. The government has amended the Electoral Bond Scheme, 2018. The Ministry of Finance on November 7, 2022, issued a notification for amending the scheme to provide “an additional period of 15 days” for…
On November 10, 2022, Palak purchases an electoral bond from a branch of the State Bank of India, and hands it over to a representative of the PPP. The next day, the PPP announces that it has changed its candidates for the upcoming elections in Palak’s State. Upset at this news, she tells a PPP representative that she would like her bond back. The representative tells her that the bond has already been deposited, and that the money has been credited to the party’s account. Palak claims that since the period of validity of the bonds has not expired, she has the right to get her bond back from the party. Is she right?
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