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Judiciary

Electoral Bonds Case: SBI's non-disclosure of details by March 6 contempt of court?

By Mahima Katal      07 March, 2024 12:34 PM      0 Comments
Electoral Bonds Case SBIs non disclosure of details by March contempt of court

New Delhi: The Association for Democratic Reforms (ADR) approached the Supreme Court on Thursday demanding contempt action against the State Bank of India (SBI) for defying the courts directive.

"The SBI has wilfully and deliberately disobeyed the judgment passed by the Constitution Bench of this Honble Court, and the same not only negates the right to information of the citizens but also wilfully undermines the authority of this Honble Court," ADR a non-profit organisation which is the lead petitioner in the judgment striking down the Centres 2018 EB scheme stated in its petition.

Also Read: Why does SBI need more time to submit Electoral Bond details?

On March 4, State Bank of India moved Supreme Court seeking an extension of time till June 30 to disclose details of each electoral bond encashed by political parties.

Also Watch: 

Why Prashant Bhushan, a lawyer representing one of the petitioners said that the scheme is dangerous for democracy.

 

Last month, a five-judge Constitution Bench, led by Chief Justice of India DY Chandrachud, unanimously ruled that the electoral bonds scheme and preceding amendments to the Representation of People Act, Companies Act, and the Income Tax Act violated voters right to information about political funding under Article 19(1)(a) of the Constitution.

The bank was directed to submit the details to the ECI in three weeks (until March 6, 2024), which would then be published by the poll body on its website by March 13, 2024.

Read more: SC strikes down electoral bonds scheme: Heres what the apex court said

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