look news india
New Delhi: According to the order of the Supreme Court, State Bank of India has handed over the details of Electrol Bond to the Election Commission on Tuesday. On Monday, the Supreme Court refused to give more time to State Bank of India to submit details of Electrol Bonds and gave the deadline till Tuesday evening. Apart from this, all the information was given by the bank to the Election Commission on Friday. An order has also been given to publish it on the website by 5 pm on March 15. It was also warned of contempt of court action against the State Bank if it failed to submit the details to the Election Commission by Tuesday evening.
The Election Commission officially announced that the State Bank has handed over the details on its social media handles. According to sources, these details are likely to include the date of purchase of Electrol bonds, name of the buyer, amount of the bond, political party on which date, how many bonds were converted into cash, etc. In the case of this PIL, the statements presented by the Election Commission from time to time before the Supreme Court in sealed covers were also dated. It has been ordered to be published by March 15, so now these details will also be published.
D.T. On February 15, the Constitution Bench of the Supreme Court, in a landmark judgment, declared the Electro Bond Scheme launched by the Central Government to provide grants to political parties as unconstitutional with immediate effect. Apart from this, the Supreme Court also ordered the State Bank of India to disclose by March 6 who has invested how much under this scheme, who has purchased bonds and how much money has been raised by political parties.
However, State Bank of India will need time to collect the details and for this it has applied to the Supreme Court to extend the deadline till June 30. Hearing the petition, the Supreme Court on Monday came down heavily on the bank and ordered it to disclose the details during working hours before Tuesday evening.
In the year 2018, bonds worth Rs 16,518 crore have been sold in a total of 30 issues of the Electro Bond Scheme brought by the Central Government to give grants to political parties. According to the Centre's plan, only State Bank of India was allowed to buy bonds under the scheme.
Bar Association requests reference to the President to stay the implementation of the judgment
The Supreme Court Bar Association has written a letter to President Draupadi Murmu demanding a reference to the Supreme Court order in which the President had intervened in the Electrol Bond case and sought to stay the decision of the five-judge Constitution bench until unless such reference is made. Bar Association President Adish Aggarwal has said in this letter that if the names of corporates donating to political parties are revealed, there is a possibility that they may become victims of bribery in future. Under Article 143 of the Constitution, the President is given the special power to make a reference to the Court in consultation with any question arising in the public interest or in the interpretation of law or in any decision. Questions may arise in future.