Delhi/Hyderabad, July 3 (Hydnow): The Delhi High Court today dismissed a Public Interest Litigation (PIL) seeking direction to quash the Reserve Bank of India’s (RBI) decision to withdraw the Rs. 2000 denomination banknotes from circulation.
This was the second such PIL challenging the May 19 decision of RBI.
The division bench of Justice Satish Chander Sharma and Justice Subramonium Prasad decided to dismiss the petitions. The RBI has opposed the plea, stating that Rs. 2000 notes continue to be legal tender.
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The same bench recently dismissed a plea that challenged the permission to exchange Rs. 2000 currency notes without any identity proof following the withdrawal of the highest-value currency notes from circulation. (Hydnow)
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