Electoral bonds: SC to hear on Mar 11 SBI’s plea seeking extension of time to disclose details


PTI, Mar 8, 2024, 3:59 PM IST

A five-judge constitution bench of the Supreme Court will hear on March 11 an application filed by the State Bank of India (SBI) seeking extension of time till June 30 to disclose details of each electoral bond encashed by political parties.

The bench, headed by Chief Justice D Y Chandrachud, will also hear a separate plea which has sought initiation of contempt action against the SBI alleging it “wilfully and deliberately” disobeyed the apex court’s direction to submit details of the contributions made to political parties through electoral bonds to the Election Commission by March 6.

In a landmark verdict delivered on February 15, a five-judge constitution bench had scrapped the Centre’s electoral bonds scheme of anonymous political funding, calling it “unconstitutional” and ordering disclosure by the Election Commission of the donors, the amount donated by them and the recipients by March 13.

Ordering closure of the scheme forthwith, the top court had directed the SBI, the authorised financial institution under the scheme, to submit by March 6 the details of the electoral bonds purchased since April 12, 2019 till date to the Election Commission which was asked to publish the information on its official website by March 13.

On March 4, the SBI had moved the apex court seeking extension of time till June 30 to disclose the details of electoral bonds encashed by political parties.

In its application, the SBI has contended that retrieval of information from “each silo” and the procedure of matching the information of one silo to that of the other would be a time-consuming exercise.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Youth attempts suicide after being humiliated in public for wearing ripped jeans in Belthangady

India crawl to 51 for 4 after losing top-order

Nursing student suicide: Three students arrested in Kerala

Nadda’s letter to Kharge full of falsehoods: Cong

10 month baby gets new heart, new life

Actress Kasthuri released from jail, says ‘I thank those who made me raging storm’

Kidnapped for ransom in 1998, 26/11 survivor Gautam Adani faces biggest trial

Related Articles More

US charges against Adani, 7 others could lead to arrest warrants, extradition bid: attorney

Kerala HC denies bail to police officer accused of ‘raping’ minor Dalit girl

Nursing student suicide: Three students arrested in Kerala

Nadda’s letter to Kharge full of falsehoods: Cong

Mumbai terror accused Rana approaches US Supreme Court to challenge extradition to India

MUST WATCH

Christmas Cake Fruit Mixing

DK Shivakumar

Rose Cultivation

Geethotsava

Naxal Operation


Latest Additions

US charges against Adani, 7 others could lead to arrest warrants, extradition bid: attorney

Youth attempts suicide after being humiliated in public for wearing ripped jeans in Belthangady

Baku climate talks: The ‘X’ factor that could determine future of Global South

Kerala HC denies bail to police officer accused of ‘raping’ minor Dalit girl

Global Bhagavad Gita Quiz Announced: Registration now open

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.