Supreme Court junks PIL alleging RBI exchanged ₹30-crore currency defaced by separatist group

The Supreme Court dismissed a PIL alleging that the Reserve Bank of India (RBI) exchanged 30 crore worth of defaced currency for separatists. The petition claimed that the RBI had engaged in illegal currency exchanges for separatist groups, but the Court found the allegations to be baseless. The Supreme Court ruled that there was no credible evidence to support the claims, dismissing the PIL and warning against making unfounded allegations. The judgment underscored the importance of ensuring that PILs are filed with due diligence and factual accuracy, especially when serious allegations are involved.