New Delhi-The Delhi High Court on Tuesday reserved its judgement on a plea difficult the Reserve Bank of India (RBI) and State Bank of India (SBI) notifications, that allows alternate of notes with none identification proof.
A division bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad stated: “We will pass appropriate orders.”
The counsel for RBI Senior Advocate Parag P. Tripathi objected to the Public Interest Litigation (PIL) saying that it have to be dismissed with exemplary prices.
The PIL has been filed by BJP chief and Advocate Ashwini Upadhyay.
Tripathi additional stated that this can be a statutory train and never demonetisation.
“None of the points raised by my learned friend in any manner impinges upon the public issues, ” he added.
The PIL says that the notifications — printed on May 19 and 20 — are arbitrary and offends Article 14 of Constitution of India.
The plea additionally seeks a path to the RBI and SBI to make it possible for Rs 2000 notes are deposited in respective financial institution accounts solely, so that folks having black cash and disproportionate belongings might be recognized.
To weed out corruption, benami transactions and safe elementary rights of residents, the PIL, which has RBI, SBI and Union Ministries of Home Affairs and Finance as respondents, seeks a path to the Centre to take motion relating to the identical.
“Recently, it was announced by the Centre that every family has an Aadhaar Card and a Bank Account. Therefore, why RBI is permitting to exchange Rs 2000 banknotes without obtaining identity proof. It is also necessary to state that 80 crore BPL families receive free grains. It means 80 crore Indians rarely use Rs 2, 000 banknotes. Therefore, petitioner also seeks direction to RBI and SBI to take steps to ensure that Rs 2000 banknotes are deposited in bank account only, ” the plea states.