11 March 2024 3:03 AM GMT
The Supreme Court will hear today the application filed by the State Bank of India seeking an extension of time till June 30 to furnish information relating to the Electoral Bonds.
As per the judgment delivered on February 15, the Bank had to furnish the information to the Election Commission of India by March 6. The SBI was required to share information such as the purchaser of the bonds, their denomination, who encashed the bonds and the date of encashment to the ECI, following which the ECI was required to publish these details on its website by March 13.
The SBI has sought additional time stating that it has to compile and decode information relating to the sale of twenty-two thousand two hundred and seventeen (22,217) electoral bonds.
The Court will also hear today contempt petitions filed against SBI Chairman Dinesh Kumar Khara for the failure of the Bank to disclose the information by March 6.
The contempt petitions have been filed by NGOs Association for Democratic Reforms (ADR), Common Cause and the political party Communist Party of India (Marxist).
A 5-judge bench comprising Chief Justice of India DY Chandrachud, Justices Sanjiv Khanna, BR Gavai, JB Pardiwala and Manoj Misra will hear the matters at 10.30 AM today.
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