Supreme Court directs SBI to publish electoral bond data linking parties, donors – India TV

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Supreme Court directs SBI to publish electoral bond data linking parties, donors – India TV


Supreme Court directs SBI to publish electoral bond data linking parties, donors.
Image Source : PTI The Supreme Court of India.

The Supreme Court on Friday directed the State Bank of India to publish the electoral bond data that discloses hyperlinks between political events and donors. While listening to the matter, the highest courtroom issued a discover to the SBI and sought a response by March 18. 

The judgment of the Constitution bench clarified that each one particulars of electoral bonds will probably be made accessible together with the date of buy, title of purchaser, and the denomination, the courtroom said. It additional said that the financial institution has not disclosed the electoral bonds (distinctive alphanumeric numbers).

During the listening to, the bench, additionally comprising justices Sanjiv Khanna, BR Gavai, JB Pardiwala and Manoj Misra, took notice of the submissions made by senior advocate Kapil Sibal and lawyer Prashant Bhushan, who appeared within the matter on behalf of the petitioner, that the alpha-numeric numbers of the electoral bonds haven’t been disclosed by the SBI. It issued a discover to the financial institution and posted the matter for listening to on March 18. 

EC publishes electoral bonds data on its web site

On Thursday night, the Election Commission of India (ECI)  made data on electoral bonds public shared by the State Bank of India. The data has been shared by the ballot physique in two components on its web site.

In compliance with the Supreme Court’s instructions, the State Bank of India (SBI) offered the data pertaining to the electoral bonds to the ballot physique on March 12, 2024. The high courtroom had given the Election Commission time until 5 pm of March 15 to add the data on its web site. The ballot physique has put the small print on ‘Disclosure of Electoral Bonds submitted by SBI’ in two components.

According to the data uploaded by the ballot panel, the consumers of electoral bonds embrace Grasim Industries, Megha Engineering, Piramal Enterprises, Torrent Power, Bharti Airtel, DLF Commercial Developers, Vedanta Ltd., Apollo Tyres, Lakshmi Mittal, Edelweiss, PVR, Keventer, Sula Wine, Welspun, and Sun Pharma.

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