Delhi HC dismisses PIL against RBI notification allowing exchange of Rs 2,000 note without ID

Published date29 May 2023
AuthorANI
Publication titleStatesman, The (India)
The plea had called the decision arbitrary, and irrational and offends Article 14 of the Constitution of India, hence, inoperative. The bench of Justice Satish Chander Sharma and Justice Subramonium Prasad on Monday passed the Judgement on the matter and decided to dismiss the plea

Earlier, appearing for RBI, Senior Advocate Parag Tripathi opposed the plea and said it's a statutory exercise and not a demonetisation.

The plea was moved by BJP leader and Advocate Ashwini Kumar Upadhyay, who sought direction from the RBI and SBI to ensure that Rs. 2000 banknotes are deposited in respective bank accounts only so that no one could deposit the money in others' bank accounts and people having black money and disproportionate assets could be identified easily.

During arguements before the Court, petitioner Advocate Ashwini Upadhyay clarified that he has not challenged the notification as a whole only as far as it allowed the exchange of currency without any proof of identity.

The plea also prayed for a direction to the Centre to take appropriate steps against the black money and disproportionate asset holders in order to weed out corruption, and benami transaction and secure the fundamental rights of citizens.

The plea further stated that according to the RBI total value of Rs. 2000 banknotes in circulation...

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