On Monday, the apex court rejected a plea by SBI to extend the March 6 deadline to release this data. A bench, led by Chief Justice DY Chandrachud, came down strongly on the bank for “willful disobedience” of orders and warned it of contempt proceedings if it failed to meet this deadline.
The top court noted that contributors under this scheme were required to submit a KYC form and proof of payment through cheque or a demand draft. Therefore, details of the contributors are readily available with the SBI, the court said.
Last month, the top court struck down the electoral bond scheme in a unanimous ruling and called it unconstitutional.
The development comes ahead of the announcement of the Lok Sabha elections.