Electoral Bonds: SC to hear SBI’s plea seeking extension for disclosures today

The Supreme Court will today, Monday, March 11, hear the State Bank of India’s application seeking an extension till June 30 to disclose details of each electoral bond encashed by political parties.

Besides this, the five-judge Constitution bench headed by Chief Justice DY Chandrachud will also hear a separate plea seeking contempt action against SBI for allegedly “wilfully and deliberately” disobeying the SC’s deadline for submission of details. The petition was filed by the Association for Democratic Reforms (ADR) on March 7.

A five-judge bench headed by CJI Chandrachud also comprises Justices Sanjiv Khanna, BR Gavai, JB Pardiwala, and Manoj Misra. Both pleas are scheduled to be heard at 10.30 am today, Monday, March 11.

The apex court had, in an order on February 15, scrapped Electoral Bonds and directed India’s largest public bank, SBI, to submit all details regarding the same to the Election Commission of India by March 6. Further, the ECI was directed to publish the received data on its website by March 13.

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