Delhi HC stands firm: RBI's ₹2,000 note withdrawal decision upheld, plea dismissed

Delhi HC stands firm: RBI's ₹2,000 note withdrawal decision upheld, plea dismissed

Delhi High Court has passed a landmark judgment rejecting a Public Interest Litigation (PIL) challenging the Reserve Bank of India's (RBI) decision to withdraw ₹2,000 currency notes from circulation. Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad teamed up to deliver this stunning verdict, affirming the RBI's independent powers to make currency-related decisions.

The petitioner, an intrepid advocate named Rajneesh Bhaskar Gupta, dared to challenge the RBI's authority to discontinue banknotes under the RBI Act. Gupta insisted that only the Central government could make such a momentous call and that no evidence supported the existence of any government order to that effect.

But, that's not all! Brace yourselves for another captivating twist in this legal saga! Just last month, the Delhi High Court dealt a blow to Bharatiya Janata Party (BJP) leader Ashwini Upadhyay, who also tried to contest the RBI's move. The court declared that ₹2,000 notes had served their purpose and backed the RBI's decision without requiring any identity proof for exchanging the notes. The court's verdict emphasized that such policy matters should be beyond the courts' interference.

The stakes couldn't be higher as Upadhyay has now escalated the battle to the Supreme Court. The apex court is yet to hear his plea, and the nation awaits with bated breath to witness how this legal rollercoaster unfolds in the highest echelons of justice.

Despite the odds stacked against them, those holding on to their ₹2,000 notes are eagerly anticipating the outcome of the Supreme Court's decision. Will the RBI's powers stand strong, or will the Central government be deemed the ultimate authority in this currency conundrum? Only time will tell as the legal showdown continues to captivate the nation. Stay tuned for more updates as this thrilling legal drama unfolds!

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