Supreme Court to Deliberate SBI’s Plea for Electoral Bond Extension

Supreme Court to Deliberate SBI's Plea for Electoral Bond Extension

VoM News Desk | March 8, 2024 | 11:05 AM IST | Breaking News, Courts & Law | Follow on Google News

Supreme Court to Deliberate SBI’s Plea for Electoral Bond Extension

Supreme Court to Deliberate SBI’s Plea for Electoral Bond Extension

The Supreme Court is set to hear the State Bank of India’s (SBI) plea on March 11, requesting an extension until June 30 to submit electoral bond details to the Election Commission of India. Chief Justice DY Chandrachud leads the five-judge Constitution Bench overseeing the matter.

ADR’s Contempt Petition Against SBI’s Non-Compliance

Simultaneously, the Constitution Bench will address the contempt petition filed by the Association for Democratic Reforms (ADR) against the SBI. ADR accuses the bank of failing to disclose electoral bond details, as directed by the top court, and undermining citizens’ right to information.

On March 15, the Constitution Bench instructed the SBI to reveal political parties receiving electoral bonds since April 12, 2019, by March 6. The court declared the electoral bond scheme unconstitutional, prompting the SBI’s application for an extension due to missed deadlines.

ADR Alleges Willful Disobedience by SBI

ADR contends that the SBI’s last-minute extension application is a deliberate attempt to hide donor details before the upcoming Lok Sabha elections. ADR initiated contempt proceedings, asserting that the SBI’s actions willfully defy the court’s judgment and undermine the apex court’s authority.

VoM News Desk

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