On Monday, the Delhi High Court dismissed a Public Interest Litigation (PIL) that contested the Reserve Bank of India's (RBI) decision to pull ₹2,000 currency notes from circulation.
The Division Bench, led by Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad, rejected a Public Interest Litigation (PIL) filed by advocate Rajneesh Bhaskar Gupta. The PIL argued that the Reserve Bank of India (RBI) had no authority under the RBI Act to discontinue banknotes, a power that only rested with the Central government.
It is worth noting that in May, the High Court had dismissed a plea by Ashwini Upadhyay, a Bharatiya Janata Party (BJP) leader, which challenged the RBI's decision to exchange ₹2,000 notes without requiring identity proof.
"Therefore, it cannot be said that the decision of the Government is perverse or arbitrary or it encourages black money, money laundering, profiteering or it abets corruption,” the judgement had stated.
Upadhyay then approached the Supreme Court, which declined to urgently list the matter last month. The case is still pending before the top court.
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