Does putting badges n having back links hinder chances in getting Adsense approv

I doubt that. But I would have a separate page called awards and recognitions (or something like that) and add them over there, rather than having it on the sidebar. But that's just me. 

Interesting point... and now I no links or badges in the sidebar of my blog. Thanks. :)

I don't think it would hinder your chances. As Sorc said, put all your badges on a separate page and link to it from your menu. This may give a positive impression to the reviewers. 

Do not put too many badges in your sidebar. It makes your site look ugly for the reviewers.

A separate page for these triumphs is a great idea... might do this tomorow. Thank you.

Thankyou everyone for your suggestions. I shall follow 

What I have also done sometimes is to put a 'victory' badge at the end of the post... so whenever i happen to click and go there even I'm reminded of its glorious past. :) But I think all the badges together in a page consolidates a blogger's triumphs rather well.