The Association for Democratic Reforms (ADR) has filed a contempt petition Today against the State Bank of India (SBI) for seeking an extension to disclose electoral bond details. This defiance of Supreme Court’s order and the ensuing legal battle reflects the struggle for transparency in political funding, with far-reaching implications for India’s political and financial systems.
Answers to Why State Bank of India (SBI) has requested an extension until June 30 to disclose the identities of Electoral Bond donors to the Election Commission, postponing the disclosure until after the Lok Sabha elections in April-May, are here. SBI outlined logistical challenges, highlighting the complexities involved in complying with the Supreme Court’s directive, emphasizing transparency while safeguarding donor anonymity.
The Supreme Court of India has reserved its verdict in the high-profile case involving allegations by US-based short-selling firm Hindenburg Research against the Adani group of companies. The allegations, which accused Adani of stock market regulation violations, led to a significant drop in the group’s share value. The bench, led by Chief Justice of India […]