Ban on Rs 500 and Rs 1,000 notes challenged in Supreme Court

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New Delhi, Nov 9: An advocate from Uttar Pradesh has moved the Supreme Court challenging the government's decision to ban Rs 500 and 1,000 notes.

The PIL, filed by Sangam Lal Pandey termed the government's action as arbitrary. The petitioner also said that this decision has caused huge inconvenience to the public. The petitioner will mention the matter for urgent listing on Thursday.

Ban on Rs 500, 1,000 notes challenged

Meanwhile, another petition was filed in the Bombay High Court over the same issue. The petitioner raised similar issues contended by Pandey.

Also read: Rs 500 and Rs 1,000 notes invalid: Banks to remain open on Nov 12, 13

On Tuesday night, Prime Minister Narendra Modi announced that the government is scrapping with immediate effect the existing currency denominations of Rs 500 and Rs 1,000 to combat black money, corruption and terror-financing.

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