Supreme Court Gears Up to Address SBI’s Appeal on Election Bond Disclosures – Stay updated on the crucial hearing where the court scrutinizes compliance with disclosure orders and the controversy surrounding the Electoral Bond Scheme.
It seems like there’s quite a storm brewing in the world of politics, especially when it comes to election bonds. The State Bank of India (SBI) has found itself amidst a legal tussle as it seeks an extension of the deadline for providing details of election bonds. The Supreme Court is all set to delve into the matter on Monday.
The court doesn’t seem too pleased with SBI, accusing the bank of ‘intentional non-compliance’ with orders pertaining to election bond disclosures. Joining the chorus, the Communist Party of India (Marxist) has also filed a petition against SBI on the same issue.
At the heart of the controversy lies the Electoral Bond Scheme, with swirling allegations that it might be skirting the edges of the law. SBI had a deadline of March 6, 2024, to spill the beans on political party donations through electoral bonds to the Election Commission.
The Supreme Court isn’t mincing words either, with clear directives to SBI to reveal the electoral bond details by tomorrow. The bank faced a rap for dragging its feet on disclosing information, prompting the court to demand the details of electoral bonds be made public by June 30th.
Despite SBI asking for more time, the court stood firm, underlining the urgency of the situation. The Election Commission has been tasked with releasing the electoral bond details by the 12th of this month, with parties required to submit their bond details by the 6th.
And the deadline saga continues, with a comprehensive report on the disclosure of election bond details expected to be submitted by the 15th. It looks like the coming days will be crucial in unravelling the mysteries surrounding election bonds and their disclosures. Stay tuned for more updates on this unfolding saga!