New Delhi: The Delhi High Court on Tuesday reserved its verdict on a plea challenging the notifications of the Reserve Bank of India (RBI) and the State Bank of India (SBI) that allow exchange of currency notes without any identity proof. Gives
A division bench of Chief Justice Satish Chandra Sharma and Justice Subramaniam Prasad said, “We will pass appropriate orders.”
Counsel for RBI Senior Advocate Parag P. Tripathi objected to the Public Interest Litigation (PIL) saying it deserves to be dismissed with exemplary costs.
The PIL has been filed by BJP leader and advocate Ashwini Upadhyay.
Tripathi further said that this is a statutory exercise and not demonetisation.
“None of the points raised by my learned friend affect the public issues in any way,” he said.
The PIL states that the notifications published on May 19 and 20 are arbitrary and violate Article 14 of the Constitution of India.
The petition has also sought a direction to the RBI and SBI to ensure that Rs 2,000 notes are deposited in the respective bank accounts only, so that black money and people with disproportionate assets can be identified.
To weed out corruption, benami transactions and secure fundamental rights of citizens, the PIL, which has the RBI, SBI and the Union Home and Finance Ministries as respondents, has sought a direction to the Center to take action with respect to the same Gives
“Recently, it was announced by the Center that every household has an Aadhaar card and a bank account. So, why RBI is allowing Rs 2000 notes to be exchanged without obtaining identity proof. Also to state required that 80 crore BPL families get it for free. This means that 80 crore Indians rarely use Rs 2,000 notes. Therefore, the petitioner has sought a direction to RBI and SBI to also Take steps to ensure that Rs 2,000 notes are deposited only in bank accounts.”