SBI Sends Electoral Bonds Data To Poll Panel Day After Supreme Court Rap

Last month, in a landmark verdict, the Supreme Court held the electoral bond scheme to be "unconstitutional" and said it violated citizens' right to information.

The State Bank of India on Tuesday evening submitted data about electoral bonds to the Election Commission of India, in line with a stern order from the Supreme Court. The data will be collated and released by the poll panel by 5 pm Friday, as the court had ordered. The bank's Chairman and Managing Director, however, has not yet filed the affidavit confirming compliance with the court order.

The affidavit, NDTV has been told, is ready but has not yet been submitted to the court.  

The Supreme Court on Monday nixed a plea by the State Bank of India - the country's largest bank - to extend the March 6 deadline to release this data. A bench led by Chief Justice DY Chandrachud came down strongly on the bank for "willful disobedience" of orders, and warned it of contempt proceedings.