Coming down hard on State Bank of India (SBI) yet again, the Supreme Court on Monday asked it "not be selective in its disclosure of details" regarding electoral bonds and reveal complete information, including the alphanumeric codes corresponding to each bond. It directed the chairman and managing director of SBI to file an affidavit by 5 pm on Thursday, affirming that the bank has disclosed all details regarding electoral bonds.
The apex court also refused to hear an intervention application by three industry bodies the Federation of Indian Chambers of Commerce & Industry (Ficci), the Associated Chambers of Commerce and Industry of India (Assocham), and the Confederation of Indian Industry (CII) to defer the release of electoral bond numbers. The industry bodies, through senior advocate Mukul Rohatgi, wanted an urgent hearing on their application but the court said they could not be given any precedence over other applicants, and that their plea was not listed for the hearing.
In a third tongue-lashing to SBI in recent days, a five-judge Constitution Bench headed by Chief Justice of India DY Chandrachud said there is "no manner of doubt that SBI is required to make complete disclosure of all the details" which are in its possession. "Let SBI not be selective in disclosure, do not wait for orders. We believe that SBI will be candid and fair to the court," the CJI said.
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