New Delhi: The Delhi High Court will on Tuesday hear a PIL against the permission to exchange bank notes of Rs 2,000 denomination without obtaining demand slip and identity proof. The petition was filed by advocate Ashwini Kumar Upadhyay on Monday.
Upadhyay mentioned the matter before a bench of Chief Justice Satish Chandra Sharma and Justice Subramaniam Prasad for urgent hearing today itself. The court, however, declined the request. The petitioner argued in his plea that the notification by RBI and SBI to exchange Rs 2,000 currency notes without demand slip and identity proof is arbitrary, irrational and violative of Article 14 (equality before law) of the Constitution of India.
The petition states that a large amount of currency notes have either reached the lockers of individuals or have been deposited by “separatists, terrorists, Maoists, drug smugglers, mining mafia and corrupt people”. Cash transactions in Indian currency are the main source of corruption.” and used for illegal activities like terrorism, naxalism, separatism, radicalism, gambling, smuggling, money laundering, kidnapping, extortion, bribery and dowry, etc., and RBI and SBI should ensure that 2,000 in bank accounts To deposit the notes of the denomination of Rs. Lonely.
“Recently, it was announced by the Center that every household should have an Aadhaar card and a bank account. Hence, why RBI is allowing Rs 2,000 notes to be exchanged without obtaining identity proof. It is also necessary to explain That 80 crore BPL families get free food grains.” This means that 800 million Indians rarely use the Rs 2,000 note.
“Therefore, the petitioner seeks to direct the RBI and SBI to take steps to ensure that the Rs 2,000 bank notes are deposited in bank accounts only,” the plea said. The petition states that by depositing Rs 2,000 notes in bank accounts, black money and disproportionate assets can be easily identified.
On 19 May, the Reserve Bank of India (RBI) announced the withdrawal of Rs 2,000 notes from circulation, and said that the existing notes could either be deposited in bank accounts or exchanged till 30 September . However, banknotes in the denomination of Rs 2,000, the RBI said in a statement, will continue to be a legal tender.
In order to ensure operational convenience and avoid disruption of regular activities of bank branches, RBI said that conversion of Rs 2,000 bank notes into other denominations can be done at any bank to the extent of Rs 20,000 at a time. Could 23 May. State Bank of India (SBI) has informed in a letter to the Chief General Managers of all its local head offices that the facility of exchange of Rs 2,000 notes by the public will be allowed without permission, up to a limit of Rs 20,000 at a time. Receive a requisition slip.
“Further, no identity proof is required to be produced by the tenderer at the time of exchange,” the May 20 communication said.