Lawstreet Journal

Delhi High Court Issues Notice In Ashwini Upadhyay’s PIL Seeking Uniform Banking Code For Foreign Exchange Transactions [LIVE UPDATES]

Lawstreet Journal 6 Apr 2022 12:28am

Image courtesy: Lawstreet Journal Judiciary Delhi High Court Issues Notice In Ashwini Upadhyay’s PIL Seeking Uniform Banking Code For Foreign Exchange Transactions [LIVE UPDATES]

Delhi High Court is hearing a PIL filed by Advocate Ashwini Upadhyay seeking Uniform Banking Code for Foreign Exchange Transaction.

Matter listed before Bench of Acting Chief Justice Vipin Sanghi and Justice Navin Chawla. 

Court: What kind of a petition is this? There is no head or tail. We have not been able to understand…

Upadhyay: It took me one year to understand the problem. There is a massive funding to divide our country on religion, caste and language basis.

Upadhyay takes the bench through bank transactions made by a person sitting in Australia. He claims transactions are in RTGS, NEFT mode, which are domestic modes of transfer.

Upadhyay: Rs. 50,000 crore coming to the country to disturb the society. It's a very serious threat.

Upadhyay: If you go to Palika Bazar, Pahadganj area with some money, they will take some commission. Then they will transfer it in your account showing that it is a foreign transaction.

ASG Chetan Sharma: These are some serious issues and require detailed consideration. We will examine the documents.

Court issues notice. Directs Petitioner to redact the names and share the documents with the government.

Petitioner Ashwini Kumar Upadhyay, practicing lawyer and BJP Leader had filed a writ petition under Article 226 of the Constitution of India in the Delhi High Court seeking direction for the Centre to implement a Uniform Banking Code for foreign exchange transactions to control black money generation and benami transactions.
Petitioner Ashwini Kumar Upadhyay has also sought direction to ensure that Real Time Gross Settlement (RTGS), National Electronic Funds… Continue Reading...

Tagged: Ashwini Upadhyay   Foreign Exchange Transactions  
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