HC lists for hearing on May 29 PIL against withdrawal of Rs 2000 banknotes
New Delhi, May 26 (PTI) The withdrawal of Rs 2000 denomination banknotes from circulation was a “currency management exercise” and a matter of economic policy, the RBI informed the Delhi High Court on Friday.
The court, which was hearing a public interest litigation challenging the RBI’s decision to withdraw the banknote from circulation, posted the matter for hearing on May 29.
A bench headed by Chief Justice Satish Chandra Sharma was asked by the RBI to defer hearing on the plea in light of the fact that the verdict stands reserved by the court on another PIL concerning the withdrawal notification.
