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The Supreme Court on Friday issued a notice to SBI in the matter related to electoral bonds. The court said that in the decision of the Constitutional Bench it was clearly stated that complete information about electoral bonds should be given, including date of purchase, name of the buyer, category. SBI has not disclosed the unique alpha numeric numbers of the electoral bonds. For this, the court has sought reply from SBI by March 18.
SC issued notice to SBI
In fact, in the electoral bond case, the upper court had ordered SBI on March 11 to disclose the bond information to the Election Commission on March 12. The apex court had on March 11 ordered that copies of the statements filed by the ECI before the court should be kept in the office of the ECI.
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SC issued notice to SBI
It is noteworthy that on February 15, a constitutional bench of five judges had banned the Centre's electoral bond scheme, terming it unconstitutional. The court has ordered SBI Bank, the only financial institution of the electoral bond scheme, to provide complete information about the purchase of electoral bonds from April 12, 2019 till date, by March 6.
Let us tell you that the Supreme Court had recently heard the petition of State Bank of India, in which SBI Bank had demanded to extend the limit for sharing information related to electoral bonds till June 30. During the hearing, Chief Justice DY Chandrachud said that SBI is saying that the information of donors and political parties is kept in sealed envelopes in the main branch of SBI in Mumbai. The matching process will take time, but we haven't asked you to match. We had only asked for clear disclosure.