In a judgment rendered on February 15, a Constitution Bench of the Supreme Court had unanimously quashed the Electoral Bonds Scheme and directed SBI to submit the details of the political parties that have received contributions through electoral bonds from April 12, 2019, to the ECI.
The Court in that judgment had ordered that details of each electoral bond encashed by political parties must be furnished by the SBI to the ECI by March 6.
The following were the details that SBI was required to furnish:
– Details of each electoral bonds purchased;
– Name of purchaser;
– Denomination of electoral bonds; and
– Details of each electoral bond redeemed by political parties including the date of encashment.
The ECI was to then publish this information on its official website within one week of receiving this information from the SBI.
However, the SBI then filed an application before apex court for an extension of the deadline till June 30 to comply with the directions.
The Supreme Court dismissed the application on March 11 and directed that the details be supplied to ECI by 5.30 pm today.
Source: Barandbench
