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Cap on cash withdrawal: HC reserves verdict

Centre also opposed the plea saying the Supreme Court is seized of the issue and restriction is only to make the policy effective

Press Trust of India  |  New Delhi 

The Delhi High Court on Wednesday reserved its verdict for December 2 on an application seeking recall of its earlier order dismissing a plea to remove the cap on daily withdrawal of money deposited in banks before the demonetisation decision. The plea accused the Centre of making a false statement in the court that the restriction on cash withdrawal of Rs 24,000 by individuals was only till November 24 as this limit has been extended till December 30. During the hearing of the plea by a businessman, a bench of Chief Justice G Rohini and Justice V K Rao said that there is no ...

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Cap on cash withdrawal: HC reserves verdict

Centre also opposed the plea saying the Supreme Court is seized of the issue and restriction is only to make the policy effective

Centre also opposed the plea saying the Supreme Court is seized of the issue and restriction is only to make the policy effective The Delhi High Court on Wednesday reserved its verdict for December 2 on an application seeking recall of its earlier order dismissing a plea to remove the cap on daily withdrawal of money deposited in banks before the demonetisation decision. The plea accused the Centre of making a false statement in the court that the restriction on cash withdrawal of Rs 24,000 by individuals was only till November 24 as this limit has been extended till December 30. During the hearing of the plea by a businessman, a bench of Chief Justice G Rohini and Justice V K Rao said that there is no ... image
Business Standard
177 22

Cap on cash withdrawal: HC reserves verdict

Centre also opposed the plea saying the Supreme Court is seized of the issue and restriction is only to make the policy effective

The Delhi High Court on Wednesday reserved its verdict for December 2 on an application seeking recall of its earlier order dismissing a plea to remove the cap on daily withdrawal of money deposited in banks before the demonetisation decision. The plea accused the Centre of making a false statement in the court that the restriction on cash withdrawal of Rs 24,000 by individuals was only till November 24 as this limit has been extended till December 30. During the hearing of the plea by a businessman, a bench of Chief Justice G Rohini and Justice V K Rao said that there is no ...

image
Business Standard
177 22