The Supreme Court of India has refused to entertain a plea challenging the Delhi HC’s decision to dismiss a PIL against the RBI’s notification permitting the exchange of ₹2,000 currency notes without any requisition slip and ID proof. The court cited ‘executive policy decision’ in its refusal.
Identity card is not necessary to exchange 2000 rupee notes in banks. Ashwini Upadhyay had filed a petition demanding to make the identity card compulsory, which has been rejected by the court. The Chief Justice said that the decision of the Reserve Bank is a policy matter. We will not interfere. In one case, it was said on behalf of the Reserve Bank that the court cannot interfere in the financial and monetary policy. It is the right of the bank to issue and withdraw notes.
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