Supreme Court Denies Urgent Listing Of Plea Against Exchange Of Rs 2,000 Notes Sans ID Proof
The Supreme Court on Friday rejected an urgent listing of a plea challenging the exchange of Rs 2000 bank notes without identity proof before the vacation bench and directed Ashwini Kumar Upadhyay, the petitioner, to mention the case before the Chief Justice after the vacations.
This was the third time the case was mentioned before the vacation bench, and the top court had earlier issued a similar direction to the petitioner.
During the mention, Upadhyay stated that the matter required an urgent listing because a huge amount of black money will be exchanged by the time it gets mentioned before the CJI. The case would hold no meaning as the entire black money held by gangsters, mafias etc. would be exchanged by then, he said.
However, the bench was not inclined to appreciate the urgency and stated that an earlier direction of the court cannot be buried by them and reiterated that the matter be mentioned before the Chief Justice after the vacations.
It is contended by Upadhyay in his petition before the apex court that the exchange of Rs 2000 banknotes without even obtaining any requisition slip or identity proof is manifestly arbitrary and irrational and therefore violates Article 14 of the Constitution.
On May 29, the Delhi High Court dismissed Upadhyay's plea, which sought a direction to the extent that the exchange of Rs 2000 notes should not be allowed without an identity proof.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.