Supreme Court dismisses SBI’s appeal and directs it to provide information tomorrow regarding electoral bonds

The Supreme Court rejected SBI’s request for more time to submit electoral bond details to the Election Commission, ordering submission by March 12 and website posting by March 15.

The court has issued a warning to the SBI chairman and managing director, stating that failure to comply with its order will result in contempt proceedings.

A five-judge Constitution bench ruled on February 15 that the Center’s electoral bonds scheme, which allowed anonymous political funding, was unconstitutional.

A five-judge Constitution bench ruled on February 15 that the Centre’s electoral bonds scheme, which allowed anonymous political funding, was unconstitutional.

The Supreme Court has ordered the SBI to disclose donor details, donations, and recipients by March 13.

SBI has requested the court to extend the deadline for bond disclosure details to June 30.

A bench including CJI DY Chandrachud and justices Sanjiv Khanna, B R Gavai, J B Pardiwala, and Manoj Misra examined the bank’s activities over the past 26 days.

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