Supreme Court Dismisses PIL Alleging Exchange Of Currency Defaced By Kashmiri Separatists At RBI Branch; Notes Petitioner Suppressed Facts

The Supreme Court dismissed a Public Interest Litigation (PIL) alleging that currency notes defaced by Kashmiri separatists had been exchanged at an RBI branch. The petitioner claimed that the exchange was illegal, but the Court found that the petitioner had suppressed relevant facts, including that the matter had already been resolved. The Court held that there was no violation of any law or procedure, ruling that the petition lacked merit. It emphasized that the RBI had taken all necessary steps regarding the currency exchange and found no illegal activities in this regard. The petition was, therefore, dismissed with costs imposed on the petitioner.