HC dismisses plea challenging decision over Rs 2,000 banknote exchange ...Middle East

Business Standard - Economy
HC dismisses plea challenging decision over Rs 2,000 banknote exchange
source : Business Standard ( Middle East ) () 42
The Delhi High Court on Monday dismissed a plea challenging notifications enabling exchange of Rs 2,000 currency notes without any requisition slip and ID proof. A bench of Chief Justice Satish Kumar Sharma and Justice Subramonium Prasad rejected the petition, which has challenged the notifications by the RBI and SBI enabling exchange of Rs 2,000 banknotes without requisition slip and identity proof. A detailed order is awaited. Petitioner and advocate Ashwini Kumar Upadhyay submitted that a large amount of currency has reached either an individual's locker or has been hoarded by separatists, terrorists, Maoists, drug smugglers, mining mafias and corrupt people. The plea submitted that the n

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