X: @the_news_21
In a decisive move aimed at upholding transparency in electoral funding, the Supreme Court has issued a firm directive to the State Bank of India (SBI), mandating the disclosure of details regarding encashed Electoral Bonds by the close of business hours tomorrow.
The apex court’s dismissal of SBI’s application seeking an extension underscores the urgency of the matter, signaling a resolute commitment to accountability in the democratic process. With the deadline looming, SBI is tasked with expeditiously furnishing all necessary information, adhering to the court’s strict timeline.
Furthermore, the Supreme Court has unequivocally warned SBI of potential contempt proceedings should it fail to comply with the court’s directive. This stern admonition underscores the judiciary’s unwavering resolve to enforce transparency and uphold the rule of law.
Parallel to its directive to SBI, the Supreme Court has also directed the Election Commission to ensure that all data provided by the bank is made available on their official portal by March 15. This coordinated effort underscores the collaborative approach towards enhancing transparency and accountability in the electoral process.
As the deadline approaches, all eyes are on SBI to fulfill its legal obligation and provide the requisite details, thereby advancing the cause of transparency and bolstering public trust in the democratic process.
This is a developing story. Stay tuned for updates.
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