Editorial With Sujit Nair | Electoral Bonds: ‘Lottery King’ Is The Number 1 Poll Bond Donor

HW News Editorial with Sujit Nair

In this episode of 'Editorial', Mr. Sujit Nair discusses the Supreme Court's recent action towards the State Bank of India (SBI) regarding the disclosure of Unique Serial Numbers on electoral bonds. The Supreme Court of India has reprimanded the SBI for failing to share the unique serial numbers assigned to electoral bonds, the data of which was recently made public. A five-judge Constitution bench comprising Chief Justice of India DY Chandrachud and Justices Sanjiv Khanna, BR Gavai, JB Pardiwala, and Manoj Misra expressed dissatisfaction with the SBI's compliance with its previous order issued on March 11, directing the bank to disclose all information related to Electoral Bonds. The apex court observed that the SBI did not reveal the distinctive alphanumeric numbers associated with each electoral bond. Consequently, it issued a notice to the SBI, demanding a response by March 18. The Supreme Court reiterated that its earlier judgment by a five-judge Constitution bench mandated the disclosure of all electoral bond details, including the purchase date, purchaser's name, and the bond denomination.