Delhi HC dismisses PIL against RBI allowing exchange of Rs 2,000 note without ID

Delhi High Court on Monday dismissed PIL challenging Reserve Bank of India and State Bank of India notifications which permits the exchange of Rs 2000 banknotes without obtaining any requisition slip and identity proofThe plea had called the decision arbitrary and irrational and offends Article 14 of the Constitution of India hence inoperativeThe bench of Justice Satish Chander Sharma and Justice Subramonium Prasad on Monday passed the Judgement on the matter and decided to dismiss the pleaEarlier appearing for RBI Senior Advocate Parag Tripathi opposed the plea and said its a statutory exercise and not a demonetisationThe plea was moved by BJP leader and Advocate Ashwini Kumar Upadhyay who sought direction from the RBI and SBI to ensure that Rs 2000 banknotes are deposited in respective bank accounts only so that no one could deposit the money in others bank accounts and people having black money and disproportionate assets could be identified easilyDuring arguements before the Court petitioner Advocate Ashwini Upadhyay clarified that he has not challenged the notification as a whole only as far as it allowed the exchange of currency without any proof of identityThe plea also prayed for a direction to the Centre to take appropriate steps against the black money and disproportionate asset holders in order to weed out corruption and benami transaction and secure the fundamental rights of citizensThe plea further stated that according to the RBI total value of Rs 2000 banknotes in circulation has declined from Rs 673 lakh crore to 362 lakh crore which 311 lakh crore has been reached either in individuals locker otherwise has been hoarded by the separatists terrorists Maoists drug smugglers mining mafias and corrupt peoplePresently the total population of India is 142 crore the total number of families is 30 crore and 130 crores Indians have AADHAAR Card It means every family has 34 AADHAAR cards Similarly the total number of accounts is 225 Crore and out of that 48 Crore are Jana Dhan accounts of BPL families It means every family has a bank account it statedRecently it was announced by the Centre that every family has AADHAAR Card and Bank Account Therefore why RBI is permitted 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 2000 banknotes Therefore the petitioner also seeks direction from RBI and SBI to take steps to ensure that Rs 2000 banknotes are deposited in a bank account only the plea statedThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever