Supreme Court refuses urgent listing of plea challenging RBI decision on Rs 2,000 banknote exchange

0
99

In a recent development, the Supreme Court of India has declined to grant an urgent hearing for a plea challenging the notifications related to the exchange of Rs 2,000 denomination banknotes along with an identification proof. The decision came on Thursday, disappointing those seeking immediate judicial intervention.

The plea aimed to challenge the Reserve Bank of India’s (RBI) decision to allow the exchange of Rs 2,000 banknotes and the requirement for individuals to provide supporting identification proof during the process. However, the Supreme Court has chosen not to prioritize an expedited hearing for this matter.

The exchange of Rs 2,000 banknotes has been a topic of debate and concern since its introduction. The plea sought to raise questions regarding the legality and validity of the notifications issued by the RBI, which enabled the exchange process. However, with the Supreme Court’s refusal to urgently list the case, the status quo remains in effect for now.

It is important to note that this decision does not imply a final judgment on the plea challenging the RBI’s actions. The refusal for an urgent hearing means that the case will follow the regular course of listing and will be heard in due course as per the court’s schedule. Those awaiting the court’s intervention will need to exercise patience and wait for the appropriate listing of the case.

For the latest updates on this matter, it is advisable to refer to trusted news sources or seek information from official channels. The Supreme Court’s decision emphasizes the importance of following the prescribed legal procedures, and interested parties will have to wait for the case to proceed through the established judicial system.

LEAVE A REPLY

Please enter your comment!
Please enter your name here