Supreme court Set deadline to SBI to disclose bonds data

The supreme court has directed the state bank of India to disclose all details related to the electoral bonds by Thursday, March 21.

New Delhi: The  Supreme court on Monday directed the   State Bank Of  India to make a complete disclosure of all details related to electoral bonds  including the unique bond numbers that would disclose the link between the buyer and the recipient political party, by March 21.

 

 

There is no manner of doubt that the SBI is required to furnish all details available with it. This, we clarify, will include the alphanumeric number and serial number, if any, of the bonds purchased. In order to avoid any controversy in the future, the chairperson of the bank should file an affidavit by 5 PM on Thursday that it has disclosed all details in its custody and that no details have been withheld.”

The Court stated that its February 15 judgment mandated the SBI to disclose “all details” including the date of purchase/redemption, name of purchaser/recipient, and the denomination. The use of the word “including” means that the details specified in the judgment are ilustrative and not exhaustive. The Court further directed that the Election Commission of India should upload on its website the details received from the SBI forthwith upon their receipt.

 

This marks a significant step in the court-mandated disclosure process relating to electoral bond details, which stems from a constitution bench ruling striking down the electoral bonds scheme as unconstitutional. Previously, the apex court dismissed an application by the bank for an extension of time to furnish electoral bonds details.

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