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SC Junks PIL Against Arun Jaitley ‘Plundering’ RBI Reserves, Fines Lawyer Rs 50,000

The bench also directed the apex court registry not to allow ML Sharma to file any PIL till he deposits Rs 50,000.

PTI

Updated:December 7, 2018, 11:06 PM IST
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New Delhi: The Supreme Court on Friday dismissed a PIL raising allegations against Finance Minister Arun Jaitley relating to capital reserve of the Reserve Bank of India.

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

"We find no reason whatsoever to entertain this PIL," a bench comprising Chief Justice Ranjan Gogoi and Justcie SK Kaul said.

Sharma had accused the Finance Minister of "plundering" the capital reserve of the RBI.

The bench also directed the apex court registry not to allow Sharma to file any PIL till he deposits Rs 50,000.

The top court imposed the cost as the advocate continued with the argument after dismissal of the PIL.

The Chief Justice warned him not to continue with the submissions, saying cost will be imposed if he was unable to satisfy the court.

The apex court expressed displeasure that the advocate made the finance minister as the main party in the PIL.



The bench 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?"
(Get detailed and live results of each and every seat in the Lok Sabha elections and state Assembly elections in Andhra Pradesh, Odisha, Arunachal Pradesh and Sikkim to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you don a psephologist’s hat and turn into an election expert. Know interesting facts and trivia about the elections and see our informative graphics. Elections = News18)
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