{"id":45813,"date":"2016-11-18T09:10:04","date_gmt":"2016-11-18T03:40:04","guid":{"rendered":"https:\/\/www.legalindia.com\/news\/?p=45813"},"modified":"2016-11-18T09:10:04","modified_gmt":"2016-11-18T03:40:04","slug":"cannot-disclose-details-release-new-rs-500-notes-rbi","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/news\/cannot-disclose-details-release-new-rs-500-notes-rbi","title":{"rendered":"Cannot disclose details on release of new Rs 500 notes: RBI"},"content":{"rendered":"
\"Cannot
Cannot disclose details on release of new Rs 500 notes: RBI<\/figcaption><\/figure>\n

The Reserve Bank of India today informed the Madras High Court that it cannot disclose details regarding the release of new Rs 500 denomination currency to the banks for distribution due to security reasons.<\/p>\n

The submission was made by the counsel for RBI on a petition seeking a direction to the Registrar of Co-operative Societies to follow procedures laid down by RBI relating to demonetisation and permit cash withdrawal and exchange of old currencies in the societies.<\/p>\n

After recording the submission, the court posted the matter for further hearing to November 28.<\/p>\n

The High Court had on November 16 adjourned for today the hearing in the case after it sought to know from the RBI when new Rs 500 denomination currency would be made available in Tamil Nadu to ease the present cash crunch following demonetisation.<\/p>\n

RBI had then submitted that it faced practical difficulties in transporting currency in view of seizure of over Rs 500 crore by poll authorities in Tamil Nadu two days before the 16 May Assembly election in three constituencies.<\/p>\n

On permitting District Central Cooperative Banks to exchange the demonetised currencies, the counsel had submitted that “the decision to ban DCCBs from exchanging notes was made apprehending malpractices”.<\/p>\n

( Source – PTI )<\/p>\n","protected":false},"excerpt":{"rendered":"

The Reserve Bank of India today informed the Madras High Court that it cannot disclose details regarding the release of new Rs 500 denomination currency to the banks for distribution due to security reasons. The submission was made by the counsel for RBI on a petition seeking a direction to the Registrar of Co-operative Societies […]<\/p>\n","protected":false},"author":38299,"featured_media":45196,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1954],"tags":[38081,146,31987,117,80,18365],"class_list":["post-45813","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-high-profile-cases","tag-cannot-disclose-details-on-release-of-new-rs-500-notes","tag-court","tag-featured","tag-law","tag-legal-news","tag-rbi"],"yoast_head":"\nCannot disclose details on release of new Rs 500 notes: RBI - Legal News India - Supreme Court & High Court Updates<\/title>\n<meta name=\"description\" content=\"The Reserve Bank of India today informed the Madras High Court that it cannot disclose details regarding the release of new Rs 500 denomination currency - Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalindia.com\/news\/cannot-disclose-details-release-new-rs-500-notes-rbi\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cannot disclose details on release of new Rs 500 notes: RBI - Legal News India - Supreme Court & High Court Updates\" \/>\n<meta property=\"og:description\" content=\"The Reserve Bank of India today informed the Madras High Court that it cannot disclose details regarding the release of new Rs 500 denomination currency - Get the latest legal news from the Supreme Court, High Courts, and government. 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A division bench of Chief Justice R Subhash Reddy and Justice V M Pancholi sought the\u2026","rel":"","context":"In "Top Law News"","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"Demonetisation: Guj HC seeks response from Centre, RBI","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/08\/gujrat-hc.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":56036,"url":"https:\/\/www.legalindia.com\/news\/supreme-court-directs-rbi-to-disclose-information-on-bank-inspection-report-under-rti","url_meta":{"origin":45813,"position":2},"title":"Supreme Court directs RBI to disclose information on bank inspection report under RTI","author":"Legal India Admin","date":"April 26, 2019","format":false,"excerpt":"The Supreme Court Friday directed the Reserve Bank of India (RBI) to disclose information pertaining to its annual inspection report of banks under the Right to Information (RTI) Act unless they are exempted under law. A bench headed by Justice L Nageswara Rao also directed the federal bank to review\u2026","rel":"","context":"In "Top Law News"","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/04\/Talala-Assembly-seat.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":45845,"url":"https:\/\/www.legalindia.com\/news\/delhi-hc-hear-tomorrow-plea-demonetisation","url_meta":{"origin":45813,"position":3},"title":"Delhi HC to hear tomorrow plea against demonetisation","author":"Legal India News","date":"November 21, 2016","format":false,"excerpt":"Delhi High Court today agreed to hear a plea against demonetisation which said once the currency was invalidated then how could the government direct certain public utilities including hospitals and petrol pumps to accept old notes. A bench of Justices B D Ahmed and Jayant Nath listed for hearing tomorrow\u2026","rel":"","context":"In "High Profile Cases"","block_context":{"text":"High Profile Cases","link":"https:\/\/www.legalindia.com\/news\/category\/high-profile-cases"},"img":{"alt_text":"Delhi HC to hear tomorrow plea against demonetisation","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/08\/law.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":50382,"url":"https:\/\/www.legalindia.com\/news\/visually-impaired-cannot-recognise-new-rs-50-note-pil-hc","url_meta":{"origin":45813,"position":4},"title":"Visually impaired cannot recognise new Rs 50 note: PIL in HC","author":"Legal India Admin","date":"November 4, 2017","format":false,"excerpt":"The newly issued Rs 50 currency notes cannot be differentiated from others by visually impaired persons, a PIL today claimed in the Delhi High Court which sought the RBI and the Centre's stand on the issue. A bench of Acting Chief Justice Gita Mittal and Justice C Hari Shankar said\u2026","rel":"","context":"In "Top Law News"","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"Visually impaired cannot recognise new Rs 50 note: PIL in HC","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/07\/mhc.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":46050,"url":"https:\/\/www.legalindia.com\/news\/bombay-hc-asks-rbi-consider-issue-salary-payment-teachers","url_meta":{"origin":45813,"position":5},"title":"Bombay HC asks RBI to consider issue of salary payment to teachers","author":"Legal India News","date":"December 5, 2016","format":false,"excerpt":"The Bombay High Court today asked the RBI to consider the issue of payment of salaries to aided school teachers since it is disbursed through district cooperative banks which have been prohibited from depositing and exchanging old currency notes. The Mumbai, Solapur, Nashik and Pune District Central Cooperative Banks had\u2026","rel":"","context":"In "Top Law News"","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"Bombay HC asks RBI to consider issue of salary payment to teachers","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/10\/bhc.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"jetpack_shortlink":"https:\/\/wp.me\/p6H5Bf-bUV","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts\/45813","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/users\/38299"}],"replies":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/comments?post=45813"}],"version-history":[{"count":0,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts\/45813\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/media\/45196"}],"wp:attachment":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/media?parent=45813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/categories?post=45813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/tags?post=45813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}