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RBI decision on Rs 2,000 note exchange challenged in the SC

RBI decision on Rs 2,000 note exchange challenged in the SC

The battle of Rs2000 note has reached the apex court. The Supreme Court on Wednesday sought a report from its registry on the issue of urgent listing of a plea challenging the notifications enabling the exchange of Rs 2,000 currency notes without any requisition slip and ID proof.

A vacation bench of justices Aniruddha Bose and Rajesh Bindal passed the order after petitioner advocate Ashwini Upadhyay mentioned the matter, seeking an urgent hearing. On June 1, the top court refused to list for an urgent hearing of Upadhyay's plea challenging the notifications and said it would not be taking up such pleas during the summer vacation.

Adv Ashwini Upadhyay today submitted that the issue is very important as Maoists, terrorists and separatists were exchanging money and there are media reports saying notes worth Rs 80,000 crore have been exchanged.

"We cannot go by media reports. You mention on Friday, meanwhile, let us see the registry report," the bench said. When the matter has already been mentioned, how can the case be mentioned again, the apex court asked.

The advocate petitions stated that the essence of the entire demonetization process will be defeated, seeking urgent listing of the plea, the lawyer had earlier said the Rs 2,000 banknotes were being exchanged by criminals and terrorists without any requisition slip and ID proof such as Aadhaar cards.

 

RBI decision on Rs 2,000 note exchange challenged in the SC

RBI decision on Rs 2,000 note exchange challenged in the SC

The battle of Rs2000 note has reached the apex court. The Supreme Court on Wednesday sought a report from its registry on the issue of urgent listing of a plea challenging the notifications enabling the exchange of Rs 2,000 currency notes without any requisition slip and ID proof.

A vacation bench of justices Aniruddha Bose and Rajesh Bindal passed the order after petitioner advocate Ashwini Upadhyay mentioned the matter, seeking an urgent hearing. On June 1, the top court refused to list for an urgent hearing of Upadhyay's plea challenging the notifications and said it would not be taking up such pleas during the summer vacation.

Adv Ashwini Upadhyay today submitted that the issue is very important as Maoists, terrorists and separatists were exchanging money and there are media reports saying notes worth Rs 80,000 crore have been exchanged.

"We cannot go by media reports. You mention on Friday, meanwhile, let us see the registry report," the bench said. When the matter has already been mentioned, how can the case be mentioned again, the apex court asked.

The advocate petitions stated that the essence of the entire demonetization process will be defeated, seeking urgent listing of the plea, the lawyer had earlier said the Rs 2,000 banknotes were being exchanged by criminals and terrorists without any requisition slip and ID proof such as Aadhaar cards.

 

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