Electoral Bond Case: The Supreme Court on Monday (March 11, 2024) strongly reprimanded the State Bank of India (SBI) in the Electoral Bond Case. During this time, the Supreme Court not only rejected SBI’s application but also warned in strong words that if the details were not given to it by the bank by March 12, 2024, then the country’s biggest court would file a contempt case against it.
CJI Chandrachud said, “SBI said that the information about the person making the cash has also been kept separately. It is difficult to match the two. More than 22 thousand electoral bonds were purchased between the years 2019 and 2024. Due to the data being in two sets, the total The figure is more than 44 thousand. In such a situation, it will take time to tally it. We are rejecting the application of SBI. Give the figure by tomorrow i.e. 12th March, while the Election Commission should publish it by 15th March, 2024. We are now accusing SBI of contempt. If we are not taking action but do not comply now, we will file a contempt case.
Those big things of SC, which it said to SBI during the hearing
- What has been done by the bank so far?
- What steps did you take to provide the data in 26 days?
- You have a sealed envelope, open it and give the data
- We have not asked the bank to produce any documents
- What has happened so far on the order of February 15, 2024?
What is the whole matter in which SBI was reprimanded?
This entire incident happened when SBI’s 1 petition was heard in the Supreme Court on Monday. In this petition, the bank had requested to extend the deadline till June 30 for disclosing the details of every electoral bond encashed by political parties.
What details were sought by the Supreme Court?
By the way, the country’s largest court has canceled the electoral bond scheme in a historic decision on February 15, 2024. At that time, the Supreme Court had termed electoral bonds as “unconstitutional” and had ordered the Election Commission to disclose the donors, the amount given as donations and the recipients by March 13.
