"The pleadings are complete. The matter has been received on transfer. List it for hearing on February 28," a bench headed by Justice Pradeep Nandrajog said.
Prashant Bhushan, appearing for NGO Association for Democratic Reforms, said the Ministry of Home Affairs in its reply has "factually admitted the position" that the fundings came to these parties from a UK-based company Vedanta.
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The PIL, which came up for hearing before this bench after being transferred from another bench, also sought confiscation of funds allegedly received from abroad by the two parties in violation of Indian laws.
Earlier, the court had issued notices to the political parties, Ministry of Home Affairs and the Election Commission on the PIL filed by the NGO and E A S Sarma, a former Secretary of the Government of India.
The PIL has sought a direction for a "court-monitored investigation by SIT or the CBI into the violation of foreign funding and other laws by major political parties, corporate groups and PSUs."
It has alleged that the two political parties have violated the Representation of People's Act and the Foreign Contribution (Regulation) Act (FCRA) by taking donations from government companies and foreign sources, which is prohibited under both the legislations.