Man Accused Of Kidnapping Wants Money Back In New Currency As RBI Gets Notice

न्यूज़ वर्ल्ड इंडिया | 0
| July 19 , 2017 , 10:32 IST

RBI was served a notice from the Gujarat High Court as a petition was filed by a man who has been accused of kidnapping. The man has demanded 2.5 lakh rupees in new currency as the police had seized his money before demonetization.

Justice A J Desai on Wednesday issued notices to the RBI, Union Finance Ministry and registrar of district and sessions court at Banaskantha after the central bank declined to exchange demonetised currency notes when police approached it following an order of a lower court on March 24.

According to reports, petitioner Kalpesh Patel was arrested on the charge of kidnapping before demonetization was announced. Police had seized Rs 2.5 lakh and his motorcycle.

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Mr Patel then approached the Banaskantha district and sessions court in January with the plea to release his money in new currency notes.

The court, in its order dated March 8, had allowed his petition and asked the police to exchange the currency notes with the RBI.

But the RBI denied the police when they went to exchange the notes.

The HC issued notices to the RBI, Finance Ministry and the registrar of the Banaskantha district sessions court.

The matter will come up for hearing again on August 21.