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A PIL has been filed in the Delhi HC against RBI's notification withdrawing ₹2000 banknotes from circulation.
It argues that the RBI has no independent powers under the RBI Act to discontinue banknotes.
#DelhiHighCourt #2000notes #RBI
It argues that the RBI has no independent powers under the RBI Act to discontinue banknotes.
#DelhiHighCourt #2000notes #RBI
The petition has been filed by an advocate named Rajnessh Bhaskar Gupta.
He argues that the power to discontinue bank notes is only with the Central government and there is nothing to show that the government has passed any such order.
He argues that the power to discontinue bank notes is only with the Central government and there is nothing to show that the government has passed any such order.
Just yesterday (Tuesday), the Delhi HC had reserved its verdict on a similar plea filed by BJP leader Ashwini Upadhyay.
He had challenged the RBI notification in so far as it allowed exchange of notes without furnishing any identity proof.
He had challenged the RBI notification in so far as it allowed exchange of notes without furnishing any identity proof.
Read the detailed story on Upadhyay's plea here:
barandbench.com/news/litigatio…
barandbench.com/news/litigatio…
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