RBI Capital Reserve Case: SC Dismisses PIL Against Finance Minister Arun Jaitley, Fines Lawyer Rs. 50,000

| December 7 , 2018 , 14:06 IST

The Supreme Court on Friday dismissed a PIL raising allegations against Finance Minister Arun Jaitley relating to a capital reserve of the Reserve Bank of India.

The apex court also imposed a cost of Rs 50,000 on advocate M L Sharma, who had filed the public interest litigation (PIL).

According to media reports a top court bench comprising Chief Justice Ranjan Gogoi and Justice SK Kaul said, "We find no reason whatsoever to entertain this PIL."

The Chief Justice slammed Sharma and said, "You want us to restrain the finance minister... You have done some good work. Why are you destroying your credibility."

ALSO READ: Jaitley Needs GST Council Like Federal Healthcare Institution, Says Schemes Face Resistance From States

The bench further said, “What is this PIL? You cannot go on with such misadventure. What exactly is this? You are saying the finance minister is plundering the capital reserve of the RBI. You are not bringing honour to this institution. Why do we permit you to go ahead with this PIL.”


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