The bench, headed by Chief Justice D Y Chandrachud, will also hear a separate plea which has sought initiation of contempt action against the SBI alleging it “wilfully and deliberately” disobeyed the apex court’s direction to submit details of the contributions made to political parties through electoral bonds to the Election Commission by March 6.

On March 4, the SBI had moved the apex court seeking extension of time till June 30 to disclose the details of the electoral bonds encashed by political parties.

The application said due to stringent measures undertaken to ensure that the identity of the donors was kept anonymous, “decoding’ the electoral bonds and matching the donors to the donations made would be a complex process.

“It is submitted that donor details were kept in a sealed cover at the designated branches and all such sealed covers were deposited in the main branch of the applicant bank, which is located in Mumbai,” it said.

Later, a separate petition was filed in the apex court seeking initiation of contempt proceedings against the SBI for alleged disobedience of the apex court’s directives.

The contempt plea, filed by NGOs Association for Democratic Reforms and Common Cause, claimed SBI’s application seeking extension of time has been deliberately filed at the last moment to ensure that details of donor and the amount of donations are not disclosed to the public before the upcoming Lok Sabha elections.

“It is submitted that the said application is mala fide and demonstrates a wilful and deliberate disobedience & defiance of the judgement passed by the constitution bench of this court. It is further a clear attempt to undermine the authority of this court,” it said.

“The petitioner herein is filing the instant petition seeking initiation of contempt proceedings against State Bank of India for wilfully and deliberately disobeying the order dated February 15 passed by this court… wherein this court directed SBI to submit details of contribution made to the political parties through electoral bonds to the Election Commission of India by March 6,” the contempt plea said.

It said as per clause 7 of the electoral bond scheme, information furnished by the buyer can be disclosed when demanded by a competent court.

“As per clause 12 (4) of the scheme, electoral bonds have to be encashed within fifteen days failing which the amount of bonds not encashed are to be deposited by the bank to the PM relief Fund. Thus, it is inconceivable that SBI does not have the recorded information readily available within its data base,” it said.

The plea said electoral bonds are “completely traceable” which is evident from the fact that SBI maintains a secret number-based record of donors who buy bonds and the political parties they donate to.

The contempt plea said any form of anonymity in the finances of political parties goes against the essence of participatory democracy and people’s right to know enshrined under Article 19(1)(a) of the Constitution.

It said availability of information about electoral bonds will give voters a chance to truly inspect, express and decide their choices.