SC Rejects SBI Plea For Time To Disclose Details Of Electoral Bonds
Delhi/Hyderabad, March 11 (Maxim News): A five judge Constitution bench of the Supreme court on Monday dismissed the State Bank of India‘s plea seeking extension of time and directed it to furnish the details of electoral bonds to the Election Commission by close of business hours on March 12.
Click Here To Join Us On WhatsApp
A bench headed by Chief Justice D.Y Chandrachud also directed the EC to publish the details shared by the bank on its official website by 5 pm on March 15.
During the hearing, the bench, also comprising justices Sanjiv Khanna, B.R.Gavai, J.B.Pardiwala and Manoj Misra, took note of the submissions of senior advocate Harish Salve, appearing for the SBI, that more time was needed for collating the details and matching them as the information were kept in two different silos with its branches.
Click Here To Join Us On WhatsApp
He further said if the matching exercise is to be done away with, the SBI can complete the exercise within three weeks. The bench said it had not directed the SBI to match the details of donors and donee with other information. The SBI has to just open the sealed cover, collate the details and give the information to the Election Commission, the apex court said.
It also asked the bank about the steps taken by it for complying with the directions given by the apex court in its February 15 judgment. “In the last 26 days, what steps have you taken? Your application is silent on that, the bench said. It asked the SBI to do a “plain disclosure” as per the court’s judgment.
Click Here To Join Us On WhatsApp
In a landmark verdict delivered on February 15, a five judge Constitution bench scrapped the Centre’s electoral bonds scheme that allowed anonymous political funding, calling it “unconstitutional” and ordered disclosure by the Election Commission of donors, the amount donated by them and the recipients by March 13.
The SBI had sought an extension till June 30 to disclose the details of each electoral bond encashed by political parties before the scheme was scrapped.
Click Here To Join Us On WhatsApp
A separate plea, seeking initiation of contempt action against the SBI, was also heard by the bench. (Maxim News)
More Stories :
-
Three-Day Regional Research Symposium On Project-Based Learning Concluded
![Three-Day Regional Research Symposium On Project-Based Learning Concluded]()
The three-day Regional Research Symposium on Project-Based Learning(RRSPBL) began at Anurag University, Venkatapur in the city on Saturday
-
Man Found Dead After Falling From Train In Warangal
![Man Found Dead After Falling From Train In Warangal]()
Warangal: A man died after he fell off a running train between Eluguru- Nekkonda railway stations on Sunday. He was aged about 30 years.
-
PM Modi Receives Kuwait’s Highest Honour, 20th International Award By A Country
![PM Modi Receives Kuwait’s Highest Honour, 20th International Award By A Country]()
Prime Minister Narendra Modi was awarded the Wisam Mubarak al-Kabeer, or the Order of Mubarak the Great, by Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, the Amir of Kuwait, on Sunday (December 22).
-
Tension Outside Allu Arjun’s House: JAC Leader’s Agressive Protest
![Tension Outside Allu Arjun’s House: JAC Leader’s Agressive Protest]()
Hyderabad: Tension prevailed at the residence of popular Telugu actor Allu Arjun on Sunday as members of the Osmania University Joint Action Committee (OU JAC) staged a protest demanding justice for Revanth’s family.
Now you can get the latest stories from Indtoday on Telegram every day. Click the link to subscribe. Click to follow Indtoday’s Facebook page, Twitter and Instagram. For all the latest Hyderabad News updates
