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Cap on withdrawal: HC to hear plea seeking recall of its order

Press Trust of India  |  New Delhi 

The High will tomorrow hear an application seeking recall of its earlier order dismissing a plea to remove the cap on daily withdrawal of the money which was deposited before the decision.

The plea accused the Centre of making a false statement in the that the restriction on withdrawal of Rs 24,000 by individuals was only till November 24 as this limit has been extended till December 30.


A bench of Chief Justice G Rohini and Justice Sangita Dhingra Sehgal, before which the matter came up today, listed it for tomorrow saying that the earlier order was passed when the Chief Justice was sitting in a different combination.

On November 25, the bench had dismissed a plea, filed by one Ashok Sharma, seeking direction to the Centre to remove the cap on daily withdrawal of money deposited by the public in banks before of Rs 500 and Rs 1,000 currency notes.

The had listed out grounds for dismissing the plea on November 25 and said that first, the apex is seized of the matter and secondly, the cap on withdrawal was in force till November 24.

The fresh plea alleged that the Centre's notification of November 8 on the weekly withdrawal limit from the banks was modified on November 14 and now it is in force till December 30.

"The government has not come out before this with clean hands and it seems that deliberately a misleading false and incorrect statement has been made...

"By virtue of November 14 notification, the government has made Clause 2(vi) applicable till December 30, 2016," the fresh application said.

Earlier, the petitioner had sought quashing of Clause 2 (vi) of the Centre's notification and had contended that the decision to put a cap on weekly withdrawal of Rs 24,000 was "affecting right to livelihood" of the people at large.

Under the earlier Clause 2 (vi), the weekly withdrawal limit from the banks was Rs 20,000 while the daily limit was Rs 10,000. Later, the weekly limit was increased to Rs 24,000 and the daily limit was scrapped. From the ATMs, the daily limit is Rs 2,500.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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