Skip to content
Search

Latest Stories

Electoral bonds: Contempt action sought against bank

Just two days before the March 6 deadline, SBI sought time till June 30 to disclose the details of electoral bonds encashed by political parties

Electoral bonds: Contempt action sought against bank

A petition has been filed in the Supreme Court seeking contempt action against the State Bank of India (SBI) alleging it "wilfully and deliberately" disobeyed the apex court's direction to submit details of contributions made to political parties through electoral bonds to the Election Commission by March 6.

The plea, filed by two NGOs, claimed SBI's application seeking extension of time till June 30 to disclose the details of electoral bonds encashed by political parties has been deliberately filed at the last moment to ensure that details of donor and the amount of donations are not disclosed to the public before the upcoming Lok Sabha elections.


A bench headed by Chief Justice D Y Chandrachud on Thursday took note of the submissions by advocate Prashant Bhushan, who appeared on behalf of NGOs Association for Democratic Reforms and Common Cause, that he wanted initiation of contempt proceedings against the SBI.

Bhushan said the SBI's application is likely to be listed on March 11 and the contempt application should also be heard together with it. "Please send an e-mail. I will pass the order," the CJI said.

The SBI moved the top court on March 4 seeking an extension till June 30 to disclose the details of the encashed electoral bonds.

In a landmark verdict on February 15, a five-judge constitution bench of the apex court had scrapped the Centre's electoral bonds scheme of anonymous political funding, calling it "unconstitutional" and ordering disclosure by the Election Commission of the donors, the amount donated by them and the recipients by March 13.

Ordering the immediate closure of the scheme, the top court had directed the SBI, the authorised financial institution under the scheme, to submit by March 6 the details of the electoral bonds purchased since April 12, 2019 till date to Election Commission (EC), which will publish the information on its official website by March 13.

In the contempt plea, the NGOs have said that two days before the expiry of the stated deadline, the SBI has filed an application seeking time till June 30 to comply with the directions.

"It is submitted that the said application is mala fide and demonstrates a wilful and deliberate disobedience & defiance of the judgement passed by the constitution bench of this court. It is further a clear attempt to undermine the authority of this court," it said.

It said the affidavit supporting the SBI's application has neither been sworn by the chairman or the managing director of the bank.

Quoting a RTI query, the plea said that in 30 phases of electoral bonds sale, only 19 out of 29 SBI authorised branches sold electoral bonds and 14 branches encashed them. (PTI)

More For You

David Joseph

Joseph has chaired several BRIT Awards shows and was an executive producer of the Oscar and BAFTA-winning 2015 documentary Amy.

David Joseph named new CEO of the RSA

THE ROYAL SOCIETY OF ARTS (RSA) has announced the appointment of David Joseph CBE as its next chief executive officer. He will take over the role in September, succeeding Andy Haldane.

Joseph previously served as chairman and CEO of Universal Music UK for 17 years. During his time at the company, he oversaw its transformation into a global exporter of British music and worked with several major international artists.

Keep ReadingShow less
Labour Rift Deepens as MPs Prepare for Crucial Welfare Bill Vote

People take part in a protest against disability welfare cuts on June 30, 2025 in London. (Photo: Getty Images)

Getty Images

MPs to vote on welfare bill amid Labour divisions

DOZENS of Labour MPs are expected to vote against the government’s welfare reforms despite recent concessions aimed at easing opposition.

The government had initially planned to tighten eligibility for Personal Independence Payment (Pip) but later said the stricter rules would only apply to new claimants from November 2025.

Keep ReadingShow less
We The Women makes UK debut with stories of courage and truth

Sudha Murthy and Karan Johar

Image Credits: Barkha Dutt / We The Women / Mojo Story

We The Women makes UK debut with stories of courage and truth

Mahesh Liloriya

The acclaimed women-led festival We The Women, curated by veteran journalist Barkha Dutt, made its powerful UK debut on June 29 at London’s Riverside Studios. Presented in partnership with Vedanta, the event brought together transformative voices from India and the British-Indian diaspora, showcasing unfiltered, emotional, and often raw storytelling.

Among the standout moments was Rashmika Mandanna’s candid discussion on her values-first approach to fame. The actor received thunderous applause when she shared, “I’ve said no to scripts because they required me to smoke. If I don’t feel good about something, I won’t do it.” Her firm stance echoed the festival’s core ethos, prioritising authenticity over popularity.

Keep ReadingShow less
Telangana-blast-Reuters

Rescue workers look for survivors after an explosion and fire at a chemical factory, in Sangareddy, Telangana, India, June 30, 2025. (Photo: Reuters)

Reuters

India chemical factory blast death toll rises to 39, probe underway

THE DEATH toll from the explosion and fire at the Sigachi Industries chemical factory in Sangareddy, Telangana, has risen to at least 39, officials said on Tuesday, as rescue teams continued clearing debris for a second day.

The explosion occurred on Monday and turned large parts of the building into rubble. State authorities confirmed the toll had risen to 39, Reuters reported. Thirty-four others were injured in the incident, according to officials.

Keep ReadingShow less
Covid inquiry begins probe into care home deaths

FILE PHOTO: A mother and daughter sit atop the Covid memorial wall on September 9, 2024 in London, England. (Photo by Carl Court/Getty Images)

Covid inquiry begins probe into care home deaths

THE Covid inquiry has started examining how the pandemic affected care services for older and disabled people, with families describing the crisis as one of the worst failures of the pandemic.

Nearly 46,000 care home residents died with Covid in England and Wales between March 2020 and January 2022, with many deaths happening in the first weeks of the outbreak.

Keep ReadingShow less