Cracking the whip again: SC says SBI duty-bound to give bond numbers
Financial Express Mumbai|March 16, 2024
A DAY AFTER the Election Commission (EC) released a list provided by State Bank of India (SBI) of all entities that purchased electoral bonds since April 2019 to make political donations, the Supreme Court on Friday expressed its displeasure over the non-disclosure of the bond numbers.
ANANTHAKRISHNAN G

A five-judge Constitution Bench issued notice to SBI and sought a response by Monday, saying that the bank is "duty-bound" to furnish the unique alphanumeric code on the bonds to the EC to enable matching them with their recipients.

The Bench, comprising Chief Justice of India DY Chandrachud, Justices Sanjiv Khanna, BR Gavai, JB Pardiwala and Manoj Misra, was hearing an EC application seeking return of the bond data deposited with the SC registry following two interim orders of the court dated April 12, 2019, and November 2, 2023.

The Election Commission said it had not retained a copy of the data and would upload it on its website once the court returned what had been deposited with its registry.

CONSIDERING THE EC plea, CJI Chandrachud noted that SBI had not furnished the bond numbers to the EC, though the court had directed that all details be given.

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