NEW DELHI: A five-judge constitution bench of SC will hear on March 11 an application filed by State Bank of India (SBI) seeking extension of time till June 30 to disclose details of each electoral bond encashed by political parties before the scheme was scrapped last month.
The bench, headed by Chief Justice D Y Chandrachud, will also hear a separate plea which has sought initiation of contempt action against SBI alleging it of “wilfully and deliberately” disobeyed SC directions to submit details of contributions made to political parties through electoral bonds to Election Commission by March 6.
On March 4, SBI moved SC seeking extension to disclose details of electoral bonds encashed by political parties. In its plea, it contended that retrieval of information from each silo and procedure of matching the information of one silo to that of other will be time-consuming.
The application said due to stringent measures undertaken to ensure that the identity of the donors was kept anonymous, ‘decoding’ the electoral bonds and matching the donors to the donations made would be a complex process.
Later, a separate petition was filed in the apex court seeking initiation of contempt proceedings against the SBI.
