38.6c New Delhi, India, Sunday, July 27, 2025
Top Stories Supreme Court
Political NEWS Legislative Corner Celebstreet International Videos
Subscribe Contact Us
close
Judiciary

Delhi High Court reserves order on PIL against exchange of Rs 2000 notes without identity slips

By LawStreet News Network      23 May, 2023 10:20 PM      0 Comments
Delhi High Court reserves order on PIL against exchange of Rs 2000 notes without identity slips

NEW DELHI: The Delhi High Court on Tuesday reserved its order on a PIL filed by advocate Ashwini Kumar Upadhyay, challenging validity of RBI's notification of May 19 and SBI's of May 20, allowing exchange of Rs 2000 currency notes without any requisition or identity slips.

We will pass appropriate orders, a bench of Chief Justice Subhash Chandra Sharma and Justice Subramonium Prasad said, while wrapped up the hearing in the matter.

Appearing for the RBI, senior advocate Parag Tripathi submitted that the exercise being undertaken is a part of the statutory process and it was not a demonetisation.

Advocate Upadhyay, on his part, submitted that he was challenging the decision to allow the exchange of Rs 2000 currency notes.

In his plea, he contended the notifications are arbitrary, irrational and offend Articles 14 of the Constitution of India.

Upadhyay also sought a direction to the RBI and SBI to ensure that Rs 2000 banknotes are deposited in respective bank accounts only so that the no one could deposit the money in others bank account and people having black money and disproportionate assets could be identified easily.

Upadhyay has been consistently raising the demand for doing away with currency notes of above Rs 100 denominations and cash transactions to the sum of above Rs 10,000.

He contended that cash transaction in high value currency is the main source of corruption and the RBI and SBI should ensure that Rs 2000 bank notes are deposited in respective bank accounts only.



Share this article:

User Avatar
About:


Leave a feedback about this
TRENDING NEWS

delhi-govt-files-plea-in-sc-to-recall-2018-ban-on-older-vehicles
Trending Judiciary
Delhi govt files plea in SC to recall 2018 ban on older vehicles

Delhi govt moves SC to recall 2018 ban on 10-yr-old diesel, 15-yr-old petrol vehicles, citing lack of data and need for emission-based policy.

26 July, 2025 05:17 PM
sc-issues-guidelines-to-be-implemented-as-law-to-prevent-students-suicides
Trending Judiciary
SC issues guidelines to be implemented as law to prevent students suicides [Read Judgment]

SC issues 15-point guidelines to prevent student suicides; directs states to notify rules for coaching centres, mental health support, and monitoring.

26 July, 2025 05:30 PM

TOP STORIES

fight-your-battles-before-electorate-sc-to-ktka-govt-on-plea-against-quashing-fir-against-bjp-mp-tejaswi-surya
Trending Judiciary
'Fight your battles before electorate,' SC to Ktka govt on plea against quashing FIR against BJP MP Tejaswi Surya

SC tells K’taka to fight political battles at ballot, not court—rejects plea against HC order quashing FIR on Tejasvi Surya’s fake news tweet.

21 July, 2025 01:41 PM
sc-to-consider-on-july-22-president-reference-on-timeline-related-to-bills-passed-by-state-legislatures
Trending Judiciary
SC to consider on July 22 President reference on timeline related to Bills passed by State legislatures

SC to examine Presidential reference on July 22 over court’s power to set timelines for Governor, President on clearing state Bills.

21 July, 2025 01:46 PM
sc-issues-notice-to-centre-states-on-ashwini-upadhyays-pil-seeking-mandatory-disclosure-of-seller-details-under-consumer-protection-act
Trending Judiciary
SC Issues Notice To Centre, States on Ashwini Upadhyay’s PIL Seeking Mandatory Disclosure of Seller Details Under Consumer Protection Act

SC issues notice on Ashwini Upadhyay’s PIL seeking mandatory disclosure of seller details to protect consumers under Consumer Protection Act, 2019.

21 July, 2025 04:47 PM
let-political-battles-be-fought-in-electorate-sc-refuses-to-entertain-eds-plea-against-ktka-cms-wife-in-muda-scam
Trending Judiciary
'Let political battles be fought in electorate,' SC refuses to entertain ED's plea against Ktka CM's wife in MUDA scam

SC refuses to hear ED plea against K’taka CM’s wife in MUDA scam, says political battles must be fought in the electorate, not through agencies.

21 July, 2025 04:56 PM

ADVERTISEMENT


Join Group

Signup for Our Newsletter

Get Exclusive access to members only content by email