Electoral Bonds Case Live Updates : Supreme Court Hearing Of SBI's Time Extension Plea, Contempt Petitions Against SBI Chairman

LIVELAW NEWS NETWORK

11 March 2024 8:33 AM IST

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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,...

Live Updates

11 March 2024 10:58 AM IST
CJI : What you are saying is that donor details were sent to Mumbai main branch and the political parties' details were also sent to the same branch and thus two sets of information were there.
11 March 2024 10:57 AM IST
CJI : Mr.Salve, if you see your application, what you say is...it is submitted that donor details were kept in a sealed cover in a designated branch and all sealed covers were deposited at the main branch in Mumbai. On the other hand, political parties could redeem at 29 authorised bank...
11 March 2024 10:56 AM IST
Salve : The only problem which we have is, we are trying to reverse the whole process. The SOP made sure that there was no name of the purchaser in our core banking system and the bond number. We were told that this was supposed to be secret.
11 March 2024 10:55 AM IST
Bench assembles.
Salve (for SBI) : I appear for State Bank. We need a little more time to comply with your lordships' order.
Salve refers to the application filed by the SBI and the operative part of the judgment.
Salve says SBI has stopped issuing new electoral bonds.
11 March 2024 10:38 AM IST
The bench is yet to assemble.
Sr Adv Kapil Sibal, Adv Prashant Bhushan, Shadan Farasat (for petitioners) & Solicitor General of India Tushar Mehta & Sr Adv Harish Salve (appearing virtually) present.

Electoral Bonds Case Live Updates : Supreme Court Hearing Of SBI's Time Extension Plea, Contempt Petitions Against SBI Chairman

LIVELAW NEWS NETWORK

Live Updates

CJI : What you are saying is that donor details were sent to Mumbai main branch and the political parties' details were also sent to the same branch and thus two sets of information were there.

CJI : Mr.Salve, if you see your application, what you say is...it is submitted that donor details were kept in a sealed cover in a designated branch and all sealed covers were deposited at the main branch in Mumbai. On the other hand, political parties could redeem at 29 authorised bank...

Salve : The only problem which we have is, we are trying to reverse the whole process. The SOP made sure that there was no name of the purchaser in our core banking system and the bond number. We were told that this was supposed to be secret.

Bench assembles. Salve (for SBI) : I appear for State Bank. We need a little more time to comply with your lordships' order. Salve refers to the application filed by the SBI and the operative part of the judgment. Salve says SBI has stopped issuing new electoral bonds.

The bench is yet to assemble. Sr Adv Kapil Sibal, Adv Prashant Bhushan, Shadan Farasat (for petitioners) & Solicitor General of India Tushar Mehta & Sr Adv Harish Salve (appearing virtually) present.

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Bench assembles.
Salve (for SBI) : I appear for State Bank. We need a little more time to comply with your lordships' order.
Salve refers to the application filed by the SBI and the operative part of the judgment.
Salve says SBI has stopped issuing new electoral bonds.

The bench is yet to assemble.
Sr Adv Kapil Sibal, Adv Prashant Bhushan, Shadan Farasat (for petitioners) & Solicitor General of India Tushar Mehta & Sr Adv Harish Salve (appearing virtually) present.