The state bank of India on Tuesday provided election commission of India with the data on electoral bonds.
The announcement was made by the poll body on social media platform X.
In compliance of Hon’ble Supreme Court’s directions to the SBI, contained in its order dated Feb 15 & March 11, 2024 (in the matter of WPC NO.880 of 2017), data on electoral bonds has been supplied by State Bank of India to Election Commission of India, today, March 12, 2024.
— Spokesperson ECI (@SpokespersonECI) March 12, 2024
The order to supply data to ECI was given by the supreme court. A five-judge Constitution bench of Chief Justice of India DY Chandrachud and Justices Sanjiv Khanna, BR Gavai, JB Pardiwala and Manoj Misra ordered that the details be disclosed by the bank on March 12.
In its February 15 judgement, the apex court had set the deadline for SBI as March 6, however, the SBI last week moved the top court seeking an extension till June 30 to comply with the court’s directions. The Supreme court had dismissed the plea and reset the deadline to March 12.
The Constitution bench also warned the SBI of contempt of court against it for wilfully disobeying its order in the event of non-compliance with the latest directions.
The Supreme Court had struck down the Electoral Bonds Scheme which allowed for anonymous funding to political parties, and ordered the SBI to stop issuing Electoral Bonds immediately
