SBI Plea For Time To Submit Poll Bonds Info Dismissed: What Top Court Said
New Delhi:
The Supreme Court today dismissed the SBI’s petition seeking more time to submit details on electoral bonds. A bench led by DY Chandrachud has asked the bank to submit the information by tomorrow evening.
Here Are Supreme Court’s Top 5 Quotes
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The submissions of the SBI sufficiently indicate that the information is readily available. The Application filed by the SBI seeking extension of time until 30 June, 2024 is dismissed.
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We have directed a plain disclosure. So, to seek time saying that a matching exercise is to be done is not warranted, we have not directed you to do that. The SBI has to just open the sealed cover, collate the details and give the information to the Election Commission.
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While we are not inclined to exercise the contempt jurisdiction at this time, we place SBI on notice that this Court may be inclined to proceed against it for wilful disobedience if SBI does not comply with the directions by the timelines indicated in this order.
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In the last 26 days, what steps have you taken? Your application is silent on that.
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In terms of the provisions of the electoral bonds scheme itself, SBI is mandated to disclose information when mandated by a court.
