05 Mar 2024  |   01:19am IST

SBI files application before SC seeking time till June 30 to furnish details of Electoral Bonds

Loksabha Elections likely to happen in April 2024
SBI files application before SC seeking time till June 30 to furnish details of Electoral Bonds

Team Herald

The State Bank of India (SBI) filed an application in the Supreme Court (SC) seeking an extension of time to furnish the details with regards to the Electoral Bonds to the Election Commission of India (ECI). SBI has sought time till June 30, 2024. As per the judgment delivered by a Constitution Bench of the Supreme Court on February 15, the SBI is required to furnish the information to ECI by March 6.

In a landmark ruling in mid February, the Supreme Court delivered a significant judgment on the electoral bonds scheme, declaring anonymous electoral bonds as a violation of the right to information under Article 19(1)(a) of the Constitution. The decision, reached by a constitution bench comprising Chief Justice DY Chandrachud and Justices Sanjiv Khanna, BR Gavai, JB Pardiwala, and Manoj Misra, comes after a series of hearings over three days, culminating in the verdict delivered on Feb 15 morning.

As part of its directives, the Court ordered the immediate cessation of electoral bond issuance by the issuing bank and instructed the State Bank of India to provide details of all electoral bonds purchased since April 12, 2019, to the Election Commission of India. Additionally, the bank must disclose details of political parties that have received contributions through electoral bonds and publish this information on the ECI's website.

IDhar UDHAR

Idhar Udhar