The Supreme Court will hear today the application filed by the State Bank of India seeking an extension of time till June 30 to furnish information relating to the Electoral Bonds.As per the judgment delivered on February 15, the Bank had to furnish the information to the Election Commission of India by March 6. The SBI was required to share information such as the purchaser of the bonds,...
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2024-03-11 03:03:20
11 March 2024 11:07 AM IST
Salve : We can put an affidavit.
J Gavai : To what extent it has been done?
Salve : The problem is that I can't make a mistake, in a hurry to give numbers..
11 March 2024 11:06 AM IST
CJI : Our judgment is dated 15 Feb. We are on 11 March. In past 26 days, what steps you have taken? Nothing is stated. It should have been disclosed. That this is the work which have done, we need time to more..We expect some candour from the State Bank of India
11 March 2024 11:05 AM IST
Justice Gavai : We have not asked to correlate it with the purchaser and the political party.
Salve : In that paragraph it is suggested.
J Gavai : Don't go by what is suggested, go by what is stated.
11 March 2024 11:04 AM IST
Salve : I have full details of who purchased the bond. That is in one silo. I have another set of information of which political party encashed, that is not a problem.
11 March 2024 11:03 AM IST
Justice Khanna : You say all purchaser details are kept in a sealed cover. You just need to open the sealed cover and give the details.
Justice Khanna : EC was asked to give a sealed cover with details during the course of hearing, which we have not opened.
11 March 2024 11:02 AM IST
CJI : Even your FAQs indicated that for every purchase that you had to have a separate KYC. So every time a purchase was made, KYC was mandated.
Salve : We have the details, I am not saying we don't have.
11 March 2024 11:01 AM IST
Salve : We knew that it was sensitive information. A physical procedure was devised. Only the bond number was cleared and the bond number was used for further purchases. And it was done to prevent the gossip that so and so have purhcased.
11 March 2024 11:01 AM IST
Salve : When the purschases were happening, we had divided the information..
CJI : But ultimately all details were sent to the Mumbai main branch.
11 March 2024 11:00 AM IST
CJI : Now if you see the direction we have issued, we have not you to told you to do the matching exercise. We have directed a plain disclosure.
CJI : So to seek time saying that a matching exercise is to be done is not warranted, we have not directed you to do that.
11 March 2024 10:59 AM IST
CJI : It is submitted (in application) that matching information from one silo to another is time-consuming process...
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