The Vacation bench of Justice Sudhanshu Dhulia and Justice KV Viswanathan of Supreme Court refused the urgent listing for plea challenging the notifications of the Reserve Bank of India (RBI) and State Bank of India (SBI) permitting the exchange of Rs. 2000 notes in bank without ID proofs.
Subsequent to the decision of the Delhi High Court, a plea was made by the Delhi High Court Advocate Ashwini Upadhyay. The High Court dismissed the Public Interest Litigation (PIL) filed by the advocate and upheld the notifications of both RBI and SBI.
The Supreme Court bench stated that it would not consider such cases while on vacation and gave Upadhyay permission to bring up the issue after the Apex Court had reconvened following the summer break.
“We’re not taking such matters before the vacation bench. You can mention before the CJI”,expressly stated by the bench. Thus, the matter will be heard by the Chief Justice of India D.Y. Chandrachud after the vacation.
As part of its currency management efforts, the Reserve Bank of India has stated that it will stop circulating Rs. 2000 notes. The public has been given four months to swap their banknotes. Although the notifications from the apex bank and state bank of india said that no ID evidence is required for the exchange or deposit of notes with a denomination of Rs. 2000 which made the advocate to submit the plea before the Delhi High Court.
Read More: RBI to withdraw Rs. 2000 Notes From Circulation; Exchange Notes till Sept. 30, 2023
The petitioner prayed before the High court to issue a directive to the RBI and SBI to deposit the Rs. 2000 notes in the appropriate bank accounts of the depositor or exchanger in order to prevent anyone from depositing the money in other accounts and to easily identify those who have black money.
Read More: Delhi HC upholds Exchange of Rs. 2000 Currency Notes without ID Proof, dismisses PIL
The RBI Governor addressed the public to provide more clarification beyond the notifications and the FAQs published. The Governor Shaktikanta Das stated that the withdrawal of Rs. 2000 bank notes are part of Currency Management Operations of RBI and the public has enough time to exchange or deposit the notes.
Read More: Rs. 2000 withdrawal is Part of Currency Management, RBI Governor says not to Panic
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