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The high court on Monday dismissed a plea challenging the RBI and SBI notifications, that permits exchange of the withdrawn Rs 2,000 notes without any identity proof.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

EntertainmentSunjay Kapur Property Dispute: Delhi HC Backs Karisma Kapoor’s Children, Rejects Priya Kapur’s Secrecy Bid

BusinessVodafone Idea Share Price Falls as Supreme Court Postpones AGR Dues Hearing to Oct 6

BusinessVodafone Idea Share Price Falls By 6% Ahead of Supreme Court Hearing On Rs, 9450 Crore AGR Dues

EntertainmentAR Rahman Secures Relief as Delhi High Court Overturns Single-Judge Order in Veera Raja Veera Copyright Case

NationalDelhi Metro Tragedy: Woman Falls or Jumps From Supreme Court Station; Investigation Underway

Politics Realted Stories

MumbaiAmeet Satam Appointed As Mumbai BJP President Ahead of BMC Polls

Maharashtra'Chaddi Baniyan' Protest at Maharashtra Assembly: Opposition Stages Agitation Against Sena MLA for Punching and Slapping Canteen Staff (Watch Video)

MaharashtraMaharashtra Monsoon Session: Ajit Pawar Slams Bhaskar Jadhav Over Fund Allegations, Says 'No Need for Unsolicited Advice'

MumbaiUddhav Thackeray Pats Raj Thackeray on Back at Victory Rally Speech; Emotional Video of Thackeray Brothers Goes Viral

MaharashtraMarathi Language Controversy: ‘Did I Pass a GR Against Brotherhood?’ Devendra Fadnavis Hits Back at Uddhav & Raj Thackeray