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SBI misses Supreme Court deadline for information on electoral bond declaration
SBI missed the deadline to disclose electoral bond details. They requested an extension until June 30th. The Chief Justice-led bench declared the bonds unconstitutional, instructing SBI to reveal each bond's date and denomination. Election Commission to publish information on SBI website by March 13th.
IANS photo.
NEW DELHI: State Bank of India (SBI) missed the Supreme Court deadline (March 6) for disclosing information regarding electoral bonds encashed by political parties.
SBI had requested an extension until June 30th to reveal details of each electoral bond encashed by political parties, but the apex court has not yet scheduled a hearing for their plea.
Last month, the Chief Justice-led constitution bench declared the electoral bonds scheme as unconstitutional and directed SBI to disclose details of each bond encashed by political parties, including the date and denomination of the bonds.
SBI argued that retrieving information from various sources and matching them would be a time-consuming process. The bench also instructed the Election Commission (EC) to publish the information provided by the SBI on its official website by March 13th.
SBI had requested an extension until June 30th to reveal details of each electoral bond encashed by political parties, but the apex court has not yet scheduled a hearing for their plea.
SC stops electoral bonds scheme, asks SBI to provide poll bonds information to EC
Last month, the Chief Justice-led constitution bench declared the electoral bonds scheme as unconstitutional and directed SBI to disclose details of each bond encashed by political parties, including the date and denomination of the bonds.
SBI argued that retrieving information from various sources and matching them would be a time-consuming process. The bench also instructed the Election Commission (EC) to publish the information provided by the SBI on its official website by March 13th.
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