The Madras High Court upheld SBI’s decision to cancel the appointment of a Circle Based Officer after a CIBIL report showed major loan defaults. Justice N. Mala dismissed the candidate’s writ petition, backing the bank’s stance on financial integrity.
In the 2023-24 financial year, the BJP received Rs.2,244 crore through electoral bonds, while Congress got Rs. 289 crore in donations of Rs.20,000 and above. This shows a big difference in the financial support received by the two major parties. The BJP’s contributions through electoral bonds were much higher than Congress’s. This data highlights the continuing importance of electoral bonds in political funding.
The Supreme Court of India, led by CJI DY Chandrachud, ordered the liquidation of Jet Airways, overturning the NCLAT’s approval of its ownership transfer to the Jalan Kalrock Consortium. The Court revealed that the consortium failed to meet financial obligations, prompting immediate liquidation and forfeiture of bank guarantees to protect creditors’ interests.
Today, On 16th October, the Supreme Court reserved its judgment on SBI’s appeal against the NCLAT’s approval for Jet Airways’ ownership transfer to the Jalan Kalrock Consortium. Jet Airways, in insolvency since 2019, plans to resume operations in 2024, following disputes over payment obligations and resolution delays.
The Supreme Court of India today (27th Sept) ruled that a free certified copy of an NCLT order suffices for filing an appeal to the NCLAT, overturning a prior NCLAT decision. The Court clarified there’s no distinction between free and paid certified copies, emphasizing that a three-day delay in appeal was within acceptable limits.
Yesterday, On 14th July, Former Madhya Pradesh High Court judge, Justice Rohit Arya, joined the BJP three months after retiring. Known for diverse legal expertise, notable rulings, and controversies, his decision to enter politics marks a significant career shift. His induction into the BJP officiated by Dr. Raghavendra Sharma and signifies a noteworthy move from the judiciary to politics.
Today, On 12th July, The Chief Justice of India agreed to consider listing a PIL seeking an SIT probe into the Electoral Bond Scheme, acknowledging concerns about transparency and legality. The plea calls for investigating funding sources of companies that donated to political parties and recovering funds from “quid pro quo” arrangements. The Supreme Court has assured priority for an early hearing.
The State Bank of India (SBI) refused to disclose legal fees paid to Senior Advocate Harish Salve in the Electoral Bond Case, citing RTI Act sections 8(1)(e) and (j). The refusal led to concerns about transparency and accountability in financial transactions linked to significant legal matters. Supreme Court’s Constitution Bench instructed SBI to reveal all details related to Electoral Bonds, including purchasers’ names and purchase dates, due to concerns about transparency and accountability.
![[Electoral Bond Data] SBI Refuses to Disclose Data Under RTI Act](https://i0.wp.com/lawchakra.in/wp-content/uploads/2024/04/MicrosoftTeams-image-23.png?resize=447%2C269&ssl=1)
On Wednesday (10th April): The State Bank of India (SBI) refused to disclose electoral bond data under the RTI Act, citing exemptions related to fiduciary capacity and public interest. This refusal, including the denial of information about the payment to lawyer Harish Salve, has raised concerns about transparency and accountability, undermining democratic principles and public interest. The case may reflect future changes in RTI Act exemptions under the upcoming Digital Personal Data Protection Act, 2023.