ASG says there's no challenge with respect to the PMLA rules being ultra vires the PMLA.
ASG says it is to prevent impersonation.
ASG: We follow zero tolerance policy when it comes to money laundering. Public interest is interest of the nation here.
ASG says it's not permanent closure.
ASG says that it's a reasonable restriction.
Asg: The rules are part of the Act.Penal consequence is just an ancillary provision and can be provided by the rules.J. Chandrachud does not agree
Freezing of bank account is not a penalty but just a consequence.
J. Sikri: It is a penalty. You're depriving someone of their property.
CJI: Our only question is whether the consequence is mandated under law or is it an overreach.
Given the problems we are facing, we need to re verify the accounts that are already existing, says RD
Asg: Scheme of PMLA is three fold:
Zero tolerance to money laundering
Curbing black money
There will be minor inconvenience to some citizens but it is in the interest of the nation.
Senior advocate Rakesh Dwivedi now begins his submissions.
RD: We (hes talking about some lawyers)don't qualify for targeted delivery but we still got Aadhaar for the sake of having one identity.
J. Chandrachud: technology is a very powerful enabler of mass surveillance. Elections of countries are being swayed with the use of data and technology.
J. Chandrachud says that the act does not preclude UIDAI to acquire that kind of tech.
RD says it's an offence under section 33.
RD: Meta data is also limited. The meta data is of authentication records and it does not reveal anything about an individual.
J. Sikri: That is enough to reveal a lot about an individual.
J. Chandrachud: Giving fingerprints for a limited particular purpose is okay. Under Aadhaar, fingerprints are means for storing data in a central database for the purpose of authentication. Thats a problem.
There is no reasonable expectation of privacy wrt demographic information