The State Bank of India has not disclosed details of the electoral bonds encashed by political parties as of Wednesday, missing the deadline set by the Supreme Court.
On Monday, the State Bank of India (SBI) approached the Supreme Court, requesting an extension until June 30 to reveal specifics of each electoral bond encashed by political parties. However, the apex court has not scheduled a hearing for the SBI’s plea yet.
Last month, a five-judge constitution bench led by Chief Justice D Y Chandrachud invalidated the electoral bonds scheme and instructed the SBI to divulge details of each electoral bond encashed by political parties. The information, including the date of encashment and denomination of the bonds, was to be submitted to the poll panel by March 6.
In its application to the apex court, the SBI argued that extracting information from “each silo” and matching it across silos would be a time-consuming process.
The bench also mandated that the Election Commission (EC) should publish the information provided by the SBI on its official website by March 13. The Election Commission spokesperson stated that there is no information or comments to offer on the issue.
