DelhiDesk: A public interest litigation (PIL) has been filed in the Delhi High Court against the exchange of recently withdrawn Rs 2,000 notes without any required form or identity proof. The petitioner argues that the Reserve Bank of India (RBI) and State Bank of India (SBI) notifications in this regard are arbitrary, illogical, and violate Article 14 of the Constitution of India. The petition further states that high denomination notes are the main source of corruption and illegal activities like terrorism, naxalism, separatism, radicalism, gambling, smuggling, money laundering, kidnapping, extortion, bribery, and dowry. The petitioner prays for a direction to RBI and SBI to ensure that Rs 2,000 notes are deposited only in bank accounts. The RBI had announced the withdrawal of Rs 2,000 notes from circulation on May 19, and the public has been given time till September 30 to deposit or exchange these notes in bank accounts.
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👉 A PIL was filed in the Delhi High Court against the exchange of recently withdrawn Rs 2,000 notes without required form or identity proof.
👉 Advocate Ashwini Kumar Upadhyay argued that the notifications of RBI and SBI in this regard are arbitrary, illogical, and violate Article 14 of the Constitution of India.
👉 The petition states that a large number of notes have reached people’s lockers or have been hoarded by separatists, terrorists, Maoists, drug traffickers, mining mafia, and corrupt people.
👉 Cash transactions in high denomination notes are the main source of corruption and are used in illegal activities like terrorism, naxalism, separatism, radicalism, gambling, smuggling, money laundering, kidnapping, extortion, bribery, and dowry.
👉 RBI and SBI should ensure that Rs 2,000 notes are deposited only in respective bank accounts to curb corruption.
👉 80 crore families below the poverty line get free food grains, so it is necessary to ensure that Rs 2,000 notes are deposited only in bank accounts.
👉 The petitioner prays for a direction to RBI and SBI to take steps to ensure that Rs 2,000 notes are deposited only in bank accounts to identify those with black money and disproportionate assets.
👉 RBI announced the withdrawal of Rs 2,000 notes from circulation, and the public has until September 30 to deposit or exchange these notes in bank accounts.
👉 SBI has written that there is no need to present identity proof at the time of exchange but common people need a form to exchange Rs 2,000 notes i.e. ten Rs 2,000 notes at a time up to a total of Rs 20,000.
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