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SC rejects petition against Jaitley, fines lawyer

ANI  |  New Delhi [India] 

The on Friday rejected a Public Interest Litigation (PIL) raising allegations against Jaitley relating to the capital reserve of the Reserve Bank of (RBI).

Sharma had alleged that Jaitley wanted to "plunder" capital reserve of Reserve Bank of (RBI) to waive off loan to certain companies.

The top court came down heavily on Sharma and slammed him for filing frivolous PIL against Jaitley.

The imposed a fine of Rs. 50,000 on the who had filed the petition, saying the registry will not accept any petitions from ML Sharma unless he pays the fine.

A two-judge bench of the apex court, headed by of (CJI) Ranjan Gogoi said, "We find no reason whatsoever to entertain this PIL.

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

First Published: Fri, December 07 2018. 15:45 IST