New Delhi: Just a day after Prime Minister Narendra Modi announced scrapping Rs500 and Rs1,000 bank notes, the move was challenged in the courts on Wednesday.
Sangam Lal Pandey, an Uttar Pradesh-based lawyer, moved the Supreme Court on Wednesday evening, seeking quashing of the Reserve Bank of India (RBI) notification scrapping the high-value notes.
“Emergency services are vastly affected due to the notification," said the petition, a copy of which Mint has seen.
Also Read: Rs500, Rs1000 notes scrapped as legal tender: Narendra Modi
Separately, two lawyers of the Bombay high court pleaded before the court to take up the case on its own motion. According to Hindustan Times, lawyers Jawahar Mistry and Jabbar Singh cited a 2 November notification of the RBI, asking banks to dispense more Rs100 notes through ATMs within the next fortnight.
RBI’s statement said it issued this notice after it observed that very few banks had taken steps to dispense lower denomination notes after a 5 May circular asked for the same thing.
The bench led by Justice M.S. Karnik directed that the case be listed before a regular bench of the court when it reopens after vacation next week.