City
Epaper

'Manifestly arbitrary and irrational': Plea in SC challenges HC order on exchange of Rs 2,000 banknotes

By IANS | Updated: May 31, 2023 21:55 IST

New Delhi, May 31 A plea has been filed in the Supreme Court challenging the Delhi High Court's ...

Open in App

New Delhi, May 31 A plea has been filed in the Supreme Court challenging the Delhi High Court's May 29 judgement allowing exchange of Rs 2,000 currency notes without any identification.

The plea, filed by advocate Ashwini Kumar Upadhyay, said: "Petitioner submits that while passing the Judgment, the High Court has failed to appreciate that the RBI Notification dated 19.5.2023... and the SBI Notification dated 20.5.2023, which permits exchange of Rs 2,000 banknotes without even obtaining any requisition slip and identity proof, is manifestly arbitrary and irrational and therefore violates Articles 14 (right to equality)."

It submitted that the RBI admits in the notification that total value of Rs 2000 banknotes in circulation have declined from Rs 6.73 lakh crore to Rs 3.62 lakh crore.

"Petitioner submits that this Rs 3.11 lakh crore has reached individuals' locker and the rest has otherwise been hoarded by the gangsters, kidnappers, contract killers, illegal arms suppliers, money launderers, drug smugglers, hootch peddlers, human traffickers, gold smugglers, black marketeers, spurious medicine manufacturers, tax evaders, cheaters, looters, separatists, terrorists, Maoists, Naxals, mining mafias, land mafias, satta mafias and corrupt government employees, public servants and politic," added the plea.

The high court on Monday dismissed a plea challenging the RBI and SBI notifications, that permits exchange of the withdrawn Rs 2,000 notes without any identity proof.

A division bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad noted that in order to ensure that there is a smooth transition of Rs 2,000 denomination banknotes, which continue to be a legal tender till September, 2023 i.e. for four months, banks have provided facilities for conversion of these banknotes to other denominations, therefore, the present case is not the case of demonetisation but withdrawal of Rs 2,000 denomination banknotes from circulation.

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: Ashwini kumar upadhyaySatish chandra sharmaDelhi High CourtUs Supreme CourtJudge Of The Supreme CourtSupreme CourtThe Supreme CourtBench Of The Supreme CourtUnited States Supreme CourtMaldives Supreme CourtWay Supreme CourtRetired Supreme Court
Open in App

Related Stories

BusinessVodafone Idea Shares Jump 3% Today as Telecom Stock Rises 75% in Three Months Amid Strong Market Momentum

BusinessAnil Ambani Files Defamation Case Against Cobrapost Over Defamatory' Reporting

BusinessVodafone Idea Shares Rise 2% as Global Brokerage Sees 36% Upside, Maintains ‘Buy’ Rating

BusinessVodafone Idea Share Price Jumps 5% in a Single Day After Strong Q2 Results; Stock Hits ₹10

MumbaiMumbai: 90,000 Stray Dogs, Only 8 Shelters - City Faces Crunch After SC Relocation Order

Politics Realted Stories

NationalBJP Candidate Satish Kumar Leading Over Tejashwi Yadav in Raghopur Assembly Constituency

NationalBihar Assembly Election Results 2025: Tejashwi Yadav Leads, Tej Pratap Trails in Early Trends

NationalTarn Taran Assembly By-Election 2025: 23.05% Voter Turnout Recorded Till 11 AM in Punjab By-Poll

MaharashtraWho Is Akshaya Naik? Shetkari Kamgar Paksha Named Mayoral Candidate of Alibag

NationalMumbai: BJP Workers Protest Outside Abu Asim Azmi’s Home Over Vande Mataram Row