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On 11 March 2024, the Supreme Court rejected the State Bank of India’s request for more time and ordered it to disclose electoral bond purchase and redemption details by close of business on 12 March. The Election Commission of India later said SBI supplied the data on 12 March and that it uploaded the information on 14 March.
Why did the Supreme Court set a March 12 deadline?
The 12 March deadline followed SBI’s request to extend the deadline for disclosure until 30 June 2024. In its order of 11 March, the Supreme Court rejected that request and directed: “SBI is directed to disclose the details by the close of business hours on 12 March 2024.”
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The Court said SBI’s own submissions indicated that the information was readily available. The 11 March order dealt with the bank’s extension application; the original disclosure obligation came from the Court’s 15 February judgment.
What information did SBI have to disclose?
On 15 February 2024, a Supreme Court Constitution Bench declared the Electoral Bond Scheme and relevant amendments unconstitutional. It directed SBI, the authorized bank, to provide the Election Commission of India with information on electoral bonds purchased and redeemed from 12 April 2019 through the date of the judgment.
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- Purchase details: the date of purchase, purchaser’s name and bond denomination.
- Redemption details: each bond’s encashment date and denomination.
The original order set 6 March 2024 as SBI’s deadline and directed the Election Commission to publish the information by 13 March.
When did SBI submit the data, and when did the Election Commission publish it?
In a press note dated 14 March 2024, the Election Commission said SBI had provided the data on 12 March. The Commission said it uploaded the information it received from SBI on 14 March, on an “as is where is basis.” This is the Commission’s account of the submission and publication dates.
| Stage | Date | What happened |
|---|---|---|
| Original Supreme Court judgment | 15 February 2024 | The Constitution Bench set the disclosure obligation and initially directed SBI to submit the information by 6 March. |
| Order on SBI’s extension request | 11 March 2024 | The Court rejected SBI’s request for an extension to 30 June and set a revised disclosure deadline of 12 March. |
| SBI submission, as reported by ECI | 12 March 2024 | The Election Commission said SBI supplied the data. |
| ECI upload | 14 March 2024 | The Commission said it published the data received from SBI on an “as is where is basis.” |
What the March 12 order did—and did not—decide
The 11 March order enforced a disclosure deadline after SBI asked for more time. The finding that the Electoral Bond Scheme and relevant amendments were unconstitutional belongs to the separate Constitution Bench judgment of 15 February. Keeping those two decisions distinct clarifies why the March 12 date was a revised deadline, not the original one.
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