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SC refuses urgent listing of plea challenging RBI decision on Rs 2,000 banknote exchange

Clever Read by Clever Read
June 1, 2023
in Politics
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SC refuses urgent listing of plea challenging RBI decision on Rs 2,000 banknote exchange
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New Delhi, Jun 1 (PTI) The Supreme Court on Thursday refused to list as an urgent case a plea challenging the notification to exchange Rs 2,000 notes without application form and identity proof.

A vacation bench comprising Justices Sudanshu Dhulia and KV Viswanathan took note of advocate Ashwini Updya’s submissions for an urgent hearing and said it would not take up such pleas during the summer vacation.

“We do not take up such cases during summer vacation,” the bench said, adding that the petition could be mentioned before a bench headed by the Chief Justice of India.

 

Seeking urgent listing of the petition, the lawyer said Rs 2000 notes are exchanged by criminals and terrorists without any proof of identity like demand slip and Aadhaar card.

 

In a short span of time, Rs 50,000 crore has been transferred in banks with the return of Rs 2000 notes, he said, adding that delay in the investigation will lead to transfer of all black money in banks.

Ubdyai had filed an appeal in the Supreme Court against the Delhi High Court’s May 29 order challenging the Reserve Bank of India (RBI) and State Bank of India (SBI) notifications allowing exchange of Rs 2,000 notes. Any document should be provided.

On May 19, RBI announced withdrawal of Rs 2,000 notes from circulation and said that the notes in circulation can be deposited in bank accounts or exchanged by September 30.

However, the RBI said in a statement that the Rs 2,000 notes will continue to be legal tender.

For operational convenience and to avoid disruption to the regular operations of bank branches, RBI has said that Rs 20,000 notes can be exchanged simultaneously at any bank for other denominations from May. 23. PTI SJK SJK DV DV

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