The Aryavarth Express
Agency(New Delhi): The State Bank of India (SBI) has not complied with the Supreme Court’s directive to disclose details of electoral bonds cashed by political parties, as the stipulated deadline passed on Wednesday. Earlier, SBI had appealed to the Supreme Court for an extension until June 30 for the release of detailed information concerning the encashment of electoral bonds by political entities.
This request for an extension has yet to be addressed in a court hearing. According to sources, the bank has not forwarded any information to the election authority.
A constitutional bench of five justices, led by Chief Justice D Y Chandrachud, invalidated the electoral bond scheme last month, mandating SBI to unveil comprehensive details on the encashment of electoral bonds by political groups. This disclosure was to include the encashment date and bond denominations, to be submitted to the election commission by March 6.
SBI argued in its court application that assembling data from various segments and correlating the information across these segments would be an extensive process, requesting additional time for compliance.
The court also ordered that the Election Commission (EC) should make this data available on its official website by March 13. However, a spokesperson from the Election Commission has indicated that there is no new information or commentary available on this matter as of now.
