NEW DELHI: The Supreme Court on Monday (March 11) dismissed the State Bank of India's plea for an extension of time in the electoral bonds case. The court has directed the bank to provide details of electoral bonds to the Election Commission by March 12. This comes after a plea was filed seeking contempt action against SBI for not submitting the details on time. Here is a timeline of events in the case: In 2017, the electoral bond scheme was introduced in the Finance Bill.
Sep 14, 2017: NGO 'Association for Democratic Reforms', lead petitioner, moves SC challenging the scheme.
Oct 03, 2017: SC issues notices to Centre and EC on PIL filed by the NGO.
Jan 2, 2018: Central government notifies the electoral bond scheme.
Nov 7, 2022: The electoral bond scheme was amended to increase the sale days from 70 to 85 in a year when any assembly election may be scheduled.
Oct 16, 2023: SC bench headed by CJI DY Chandrachud refers pleas against the scheme to a five-judge Constitution bench.
Oct 31, 2023: Five-judge Constitution bench headed by CJI D Y Chandrachud commences hearing on pleas against the scheme.
Nov 2, 2023: SC reserves verdict.
Feb 15, 2024: SC delivers unanimous judgement annulling the scheme, saying it violates the constitutional right to freedom of speech and expression as well as the right to information.
Mar 4: State Bank of India moves SC, seeking an extension of time till June 30 to disclose details of each electoral bond encashed by political parties.
Mar 7: Plea filed in SC seeking contempt action against SBI, alleging it "wilfully and deliberately" disobeyed the apex court's direction to submit details of contributions made to political parties through electoral bonds by March 6.
Mar 11: A five-judge Constitution bench of SC dismisses SBI's plea seeking extension of time and directs it to furnish the details of electoral bonds to the EC by close of business hours on March 12.
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