Brief by Shorts91 Newsdesk / 12:16pm on 08 Mar 2024,Friday India
The State Bank of India (SBI) has petitioned the Supreme Court for an extension until June 30 to furnish electoral bonds details to the Election Commission. Facing a contempt petition from the Association of Democratic Reforms (ADR), SBI's plea will be heard by a 5-judge bench led by Chief Justice DY Chandrachud on March 11. This follows the top court's recent invalidation of the electoral bonds scheme, citing it as "unconstitutional". SBI highlighted the complexity of data compilation due to separate record-keeping for bond issuance and redemption, with donor details sealed for anonymity. Opposition members criticize SBI's move as elections loom.
