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Bombay HC directs RBI to allow petitioner to exchange demonetized notes worth Rs 1.6 lakhs

By ANI | Updated: February 25, 2022 11:05 IST

The Bombay High Court on Friday directed the Reserve Bank of India (RBI) to allow a petitioner, Kishor Sohoni to exchange Rs 1.6 lakhs worth of demonetised notes.

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The Bombay High Court on Friday directed the Reserve Bank of India (RBI) to allow a petitioner, Kishor Sohoni to exchange Rs 1.6 lakhs worth of demonetised notes.

In an old case of cheating where Sohoni was a complainant, a Kalyan court magistrate in March 2016 had directed the accused to deposit Rs 1.6 lakh with the local police station.

Despite Sohoni's request to the magistrate for an order allowing him to collect the money before the December 31, 2016 deadline for exchanging old notes, he was not allowed to do so and the order was passed only on March 20, 2017.

( With inputs from ANI )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Kishor sohoniBombay High CourtReserve Bank Of IndiaJustice of bombay high courtThe finance ministry of indiaMonetary policy committee of the rbiCentral board of reserve bank of indiaReserve bank of india governorBombay highFinance ministry and reserve bank of indiaNew india strategy
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