The Supreme Court directed the Election Commission to publish the information disclosed by SBI on its website before 5 pm on March 15th. The court has warned the SBI chairman and managing director that they will face contempt proceedings if its order is not complied with within the timeline.
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Supreme Court Rejects SBI’s Plea for Electoral Bond Disclosure Extension
The Supreme Court on Monday rejected the State Bank of India’s (SBI) plea seeking more time to furnish the details of electoral bonds to the Election Commission and ordered the country’s biggest bank to submit the same by the business hours of March 12, Tuesday. The apex court also ordered the poll panel to put the information on its website by 5 pm, March 15.
SBI’s Request for Extension Denied by SC
The SBI last week requested the court to extend the deadline for the disclosure of the details of the bond to June 30.Today, a bench comprising CJI DY Chandrachud and justices Sanjiv Khanna, B R Gavai, J B Pardiwala and Manoj Misra, pulled up the bank, saying what was it doing over the last 26 days.
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