Depositing Rs 2000,<> notes in bank without any demand slip and identity proof wrong: Petitioner

The case of exchange of 2000 rupees notes has reached the court. During the hearing in the Delhi High Court, petitioner, BJP leader and lawyer Ashwini Upadhyay said that we are not challenging all the notifications. We are challenging this part that rules have been made to exchange <>,<> rupee notes without identity card. A public interest litigation has been filed in the Delhi High Court. It has demanded that the notification of RBI and SBI be declared inactive. The Delhi High Court has reserved the case after hearing the arguments of the petitioner and the RBI.

The petition said that depositing Rs 2000,2000 notes in the bank without any demand slip and identity proof is wrong. The decision to deposit Rs 14,2000 notes in banks without any demand slip and identity proof is arbitrary, irrational and violative of Article 11 of the Constitution of India. The petition has sought a direction to the RBI and SBI that Rs <>,<> notes should be deposited in the respective bank accounts so that no one can deposit money in other bank accounts and people having black money and disproportionate assets can be easily identified.

It has sought a direction to the Centre to take appropriate steps against black money and disproportionate assets holders to end corruption, benami transactions and secure fundamental rights of citizens. Bjp leader and lawyer Ashwini Upadhyay has filed the petition. The petitioner told the high court that it is for the first time that a rule has been made to exchange rs <>.<> lakh crore notes without identity proof.

Ashwini Upadhyay's arguments

• For the first time, it has been said to exchange notes without any documents.
• The RBI is admitting that about three and a half lakh crore rupees have been dumped.
• Every house has Aadhaar, then why is there an exchange without an ID?
• Everyone has a bank account in the family.
• When there is no slip here, there is a problem with it.
• Anyone in naxal and terror-infested northeast India will change money.
• Mafia henchmen like Atiq Ahmed will go and go to the bank and exchange money.
• The notification does not say that it is 20,000 at a time, not 20,<> per day.

The Reserve Bank of India opposed the petition

• RBI said that the petition should be dismissed with a fine.
• This is an economic policy matter.
• The court's earlier rulings are that the court will not interfere in economic policy matters.

To this, Upadhyay said, "I am not challenging the notification. I am just saying that arbitrary action cannot be taken. I am asking why documents cannot be sought," he said.