Supreme Court Slams SBI For "Wilful Disobedience", Warns Of Contempt
NDTV
The court was hearing a plea by the State Bank of India to extend the March 6 deadline to release all information about electoral bonds - donors and recipients.
The Supreme Court on Monday came down strongly on the State Bank of India for "wilful disobedience" of last month's order - that data about donors and recipients of electoral bonds be released by March 6. In a significant development, the court warned SBI of contempt proceedings if it failed to release this data by close of business tomorrow.
The court also directed the Chairman and Managing Director of SBI - India's largest bank, with a 23 per cent market share - to file an affidavit after complying with its new direction.
"While we are not inclined to exercise the contempt jurisdiction at this time, we place SBI on notice that this court may be inclined to proceed against it for wilful disobedience if it does not comply with the directions by the timelines indicated in this order," the court said.
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