Business Standard

SC notice to Centre, RBI on plea to deposit demonetised currency notes


ANI General News
The Supreme Court on Friday issued notice to the Centre and Reserve Bank of India (RBI) on a man's plea for a direction to allow him to deposit demonetised currency notes of Rs 500 and Rs 2,000 denomination totalling Rs 1.17 crore in any of his bank accounts.
The notice was issued by a bench comprising Justices NV Ramana, Indira Banerjee and Ajay Rastogi on a writ petition filed by K Raman, a textile businessman from Madurai in Tamil Nadu.
Raman submitted he could not deposit the amount till December 30, 2016, the last day for exchanging the old currency notes.
He claimed he lost his business and reputation as the demonetised currency notes were not accepted by Tamil Nadu Mercantile Bank.
Raman, in the petition filed through lawyer Jaya Sukin, requested the court to pass appropriate orders directing the Centre, RBI and other respondents to permit him to deposit the amount in any of his bank accounts.

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First Published: Aug 30 2019 | 4:38 PM IST

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