SBI asks SC for more time to furnish electoral bonds data to poll panel

1 year ago 25

NEW DELHI: The

State Bank of India

(

SBI

) on Monday requested the

Supreme Court

to extend the deadline till June 30 to give

electoral bonds

information to Election Commission.
In a landmark judgement on February 15, the SC had annulled the electoral bonds scheme for political funding, saying it violates the Constitutional right to freedom of speech and expression as well as the right to information.

In its verdict months ahead of the Lok Sabha polls, the apex court had ordered the State Bank of India (SBI) to disclose to the Election Commission by March 6 the names of the contributors to the six-year-old scheme.
A five-judge Constitution bench headed by Chief Justice D Y Chandrachud directed that the SBI must disclose details of each electoral bond encashed by political parties. The information should include the date of encashment and the denomination of the bonds and be submitted to the

poll panel

by March 6.
The Election Commission should publish the information shared by SBI on its official website by March 13, the bench had said.
(This is a developing story)

Article From: timesofindia.indiatimes.com
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