A bench headed by Chief Justice D Y Chandrachud also directed the EC to publish the details shared by the bank on its official website by 5 pm on March 15.
The SBI moved the Supreme Court on Monday, seeking an extension till June 30 to disclose the details of each electoral bond encashed by political parties
Congress president Mallikarjun Kharge said the Congress' position on the electoral bonds scheme is that it is "opaque, undemocratic and destroyed the level playing field".
A retired High Court Judge was allegedly duped by two persons to the tune of Rs 2.5 crore, by persons claiming to be members of a leading social organisation and promising jobs for his grandchildren for contribution to a political party through electoral bonds
Electoral bonds (EBs) are bearer instruments, like currency notes. The electoral bonds were introduced with the Finance Bill (2017). On January 29, 2018 the National Democratic Alliance (NDA) government notified the Electoral Bond Scheme 2018.
On November 2 of the previous year, a Constitutional bench comprised of five judges, with Chief Justice D Y Chandrachud at the helm, had reserved its verdict on the issue.
The Electoral bond scheme, which was notified by the government on January 2, 2018, was pitched as an alternative to cash donations made to political parties as part of efforts to bring in transparency in political funding
