Upadhyay raised concerns about the lack of transparency regarding the amount of money that went into bank accounts during the exchange process. He highlighted that as per the RBI governor, in 10 days ₹1.8 lakh crores were exchanged.
He argued that the exchange of ₹2,000 notes would allow all black money to be converted into white money.
“All black money will become white money,” he said.
“Everyone pays tax,” Justice Bose responded.
“Only 10 crore (people pay tax),” said Upadhyay.
“That is income tax.. GST etc everyone pays,” Justice Bose.
Thereafter, Upadhyay questioned whether the matter was less important than a recent Allahabad High Court order on Mangalik status of women which the apex court took suo motu notice and held a sitting on Saturday.
He even suggested that the registrar could be asked to seek directions from the Chief Justice of India (CJI).
The Court, however, refused to accede to the request.
“This is very unfortunate,” said Upadhyay.
“This is a court, not a public platform. Matter has to end somewhere,” Justice Bindal responded.
Source: Barandbench
