A five-judge Constitution bench of the Supreme Court 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.
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.
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.
REacting to The SC ruling, Congress has hailed the Supreme Court for dismissing the SBI’s plea seeking an extension of time to furnish details of electoral bonds, saying the apex court has once again come to protect democracy from the “devious machinations” of the current regime.
A five-judge Constitution bench of the top court on Monday dismissed the State Bank of India’s plea for time extension and directed it to furnish the details of electoral bonds to the Election Commission by close of business hours on March 12.
In a post on ‘X’, Congress general secretary, organisation, K C Venugopal, said, “The Supreme Court has once again come to protect Indian democracy from the devious machinations of this regime.”
The Supreme Court has once again come to protect Indian democracy from the devious machinations of this regime.
It was laughable for the SBI to seek an extension on a simple 1 day job. The fact is that the government is scared of all their skeletons tumbling out of the closet.… https://t.co/bxGMxNpTqB
— K C Venugopal (@kcvenugopalmp) March 11, 2024
“It was laughable for the SBI to seek an extension on a simple 1 day job. The fact is that the government is scared of all their skeletons tumbling out of the closet,” he said.
“This mega corruption scandal, as certified by the Supreme Court, will expose the unholy nexus between the BJP and its corrupt corporate masters,” Venugopal said.
