{"id":343585,"date":"2025-03-13T14:00:07","date_gmt":"2025-03-13T08:30:07","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=343585"},"modified":"2025-03-19T09:35:51","modified_gmt":"2025-03-19T04:05:51","slug":"bomhc-directs-rbi-to-accept-demonetized-bank-notes-seized-before-deposit-deadline","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2025\/03\/13\/bomhc-directs-rbi-to-accept-demonetized-bank-notes-seized-before-deposit-deadline\/","title":{"rendered":"\u2018Will facilitate receipt of legal tender\u2019; Bombay HC directs RBI to accept demonetized bank notes worth Rs 20 lakhs seized before deposit deadline"},"content":{"rendered":"<div style=\"text-align: justify; line-height: 150%;\">\n<p style=\"margin-bottom: 3%;\"><span style=\"font-weight: bold;\">Bombay High Court:<\/span> In a case wherein the bank notes of denomination of Rs 500 and Rs 1,000 were seized from the petitioners on 26-12-2016, before they could deposit the said demonetized bank notes in the bank before the deadline, that is, 30-12-2016, the Division Bench of <span style=\"font-weight: bold;\">A.S. Chandurkar*<\/span> and M.M. Sathaye, JJ., opined that the petitioners could be permitted to deposit the specified bank notes for the value of Rs 20,00,000 bearing the said serial numbers with Respondent 4, as this would facilitate receipt of legal tender for the said value by the petitioners.<\/p>\n<p style=\"margin-bottom: 3%;\">By a Notification dated 8-11-2016 issued by the Ministry of Finance, specified bank notes in the denomination of Rs 500 and Rs 1,000 were declared not to be legal tender. The bank notes were to be recalled from 10-11-2016 to 30-12-2016 and the time to deposit bank notes was permitted till 30-12-2016.<\/p>\n<p style=\"margin-bottom: 3%;\">The petitioners stated that they were jointly holding the said bank notes of the value of Rs 20,00,000 on 8-11-2016. They intended to deposit the same in their bank accounts by 30-12-2016, however, on 26-12-2016, a search and raid was conducted at their residence and bank notes of the value of Rs 20,00,000 and silver ingots for the value of Rs 26,99,320 were seized. The petitioners received summons from the Assistant Director of Income Tax, Unit-III, Kolhapur on 28-12-2016 and 6-1-2017 summoning them for recording their statements under Section <a href=\"https:\/\/www.scconline.com\/DocumentLink.aspx?q=JTXT-0001559356\" target=\"_blank\">131<\/a> of the <a href=\"https:\/\/www.scconline.com\/DocumentLink.aspx?q=JTXT-0002955939\" target=\"_blank\">Income Tax Act, 1961<\/a>. A letter dated 10-1-2017 was issued to the Police Inspector, Shahuwadi Police Station, Kolhapur in which it was stated that based on enquiries made, it was decided not to seize cash of Rs 20,00,000 and silver ingots at the said juncture.<\/p>\n<p style=\"margin-bottom: 3%;\">The petitioners after receiving the bank notes, on 17-1-2027, visited RBI&#8217;s specified office in Mumbai to deposit the said notes, but the same were not accepted and they were informed that after 30-12-2016, it was not permissible to accept the same. The petitioners issued a notice regarding the same and thereafter approached this Court praying that Respondent 4, the General Manager, Department of Currency Management, RBI be directed to accept the specified bank notes.<\/p>\n<p style=\"margin-bottom: 3%;\">Counsel for the respondents referred to the provisions of Section <a href=\"https:\/\/www.scconline.com\/DocumentLink.aspx?q=JTXT-0002482659\" target=\"_blank\">5(a)<\/a> of the <a href=\"https:\/\/www.scconline.com\/DocumentLink.aspx?q=JTXT-0002915257\" target=\"_blank\">Specified Bank Notes (Cessation of Liabilities) Act, 2017<\/a> and the Notification dated 12-5-2017 issued by the Ministry of Finance and contended that it would be necessary for the petitioners to furnish serial numbers of the specified bank notes that had been seized by the Police Authorities prior to 30-12-2016, as in absence of indication of such serial numbers, RBI was precluded from accepting the bank notes and thereafter exchange them for legal tender.<\/p>\n<p style=\"margin-bottom: 3%;\">The Court stated that since the serial numbers of the specified bank notes that were seized from the petitioners and returned thereafter were now available, the apprehension expressed by RBI that the value of the specified currency notes could not be paid to the petitioners in the absence of such serial numbers was taken care of.<\/p>\n<p style=\"margin-bottom: 3%;\">The Court noted that the seizure of the specified bank notes was on 26-12-2016, which was prior to the permissible date of deposit which was 30-12-2016 and the Income Tax Department stated that it did not intend to seize the said specified bank notes pursuant to which the Police Authorities returned the same to the petitioners on 14-1-2017. The Court thus opined that the petitioners could be permitted to deposit the specified bank notes for the value of Rs 20,00,000 bearing the said serial numbers with Respondent 4, as this would facilitate receipt of legal tender for the said value by the petitioners.<\/p>\n<p>Thus, the Court issued the following directions:<\/p>\n<ol style=\"list-style-type: decimal;\">\n<li>\n<p>The petitioners should deposit the bank notes bearing the requisite serial numbers with Respondent 4.<\/p>\n<\/li>\n<li>\n<p>Respondent 4 should verify the specified bank notes with their numbers and after completing the necessary formalities, the amount equivalent to the said specified bank notes should be made over to Petitioner 1 on behalf of all the petitioners.<\/p>\n<\/li>\n<li>\n<p style=\"margin-bottom: 3%;\">While accepting the said amount, Petitioner 1 should indemnify Respondent 4 from any future claim of Petitioners 2 to 8.<\/p>\n<\/li>\n<\/ol>\n<p style=\"margin-bottom: 3%;\">[<span style=\"font-weight: bold; color: #632423;\">Ramesh Bapurao Potdar v. Union of India, <a href=\"http:\/\/www.scconline.com\/DocumentLink\/e8YV657c\" target=\"_blank\" rel=\"noopener\">2025 SCC OnLine Bom 575<\/a>, decided on 27-2-2025<\/span>]<\/p>\n<p style=\"text-indent: 18pt;\"><strong><span style=\"color: #000080;\">*Judgment authored by: Justice A.S. Chandurkar<\/span><\/strong><\/p>\n<hr\/>\n<p>Advocates who appeared in this case:<\/p>\n<p style=\"margin-left: 18pt;\"><span style=\"font-weight: bold;\">For the Applicants\/Petitioners:<\/span> Udaya Sankar Samudrala with Sujit Upadhyay and Shivesh Upadhyay, Advocates.<\/p>\n<p style=\"margin-left: 18pt;\"><span style=\"font-weight: bold;\">For the Respondents:<\/span> D.P. Singh, Advocate for Respondents 1 to 3; Venkatesh Dhond, Senior Advocate with Dhaval Patil, Shreyas Menkudale, Advocates, i\/by K. Ashar &amp; Co., for Respondents 4 to 6; Arjun Gupta, Advocate for Respondents 7 and 8.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p style=\"font-style: italic;\">The Income Tax Department stated that it did not intend to seize the bank notes pursuant to which the police authorities returned the same to the petitioners on 14-1-2017.<\/p>\n","protected":false},"author":1,"featured_media":314919,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,10],"tags":[2569,79730,79731,67937,68177,57757,2611],"class_list":["post-343585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casebriefs","category-highcourts","tag-Bombay_High_Court","tag-demonetized-bank-notes","tag-deposit-deadline","tag-justice-a-s-chandurkar","tag-justice-m-m-sathaye","tag-legal-tender","tag-RBI"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Bombay HC directs RBI to accept demonetized bank notes worth Rs 20 lakhs seized before deposit deadline | SCC Times<\/title>\n<meta name=\"description\" content=\"Bombay High Court directed RBI to accept demonetized bank notes worth Rs 20 lakhs seized before deposit deadline of 30-12-2016 as it would facilitate receipt of legal tender.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2025\/03\/13\/bomhc-directs-rbi-to-accept-demonetized-bank-notes-seized-before-deposit-deadline\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018Will facilitate receipt of legal tender\u2019; Bombay HC directs RBI to accept demonetized bank notes worth Rs 20 lakhs seized before deposit deadline\" \/>\n<meta property=\"og:description\" content=\"Bombay High Court directed RBI to accept demonetized bank notes worth Rs 20 lakhs seized before deposit deadline of 30-12-2016 as it would facilitate receipt of legal tender.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2025\/03\/13\/bomhc-directs-rbi-to-accept-demonetized-bank-notes-seized-before-deposit-deadline\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-13T08:30:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-19T04:05:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Bombay-High-Court.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"887\" \/>\n\t<meta property=\"og:image:height\" content=\"591\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Simranjeet\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"\u2018Will facilitate receipt of legal tender\u2019; Bombay HC directs RBI to accept demonetized bank notes worth Rs 20 lakhs seized before deposit deadline\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Simranjeet\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2025\\\/03\\\/13\\\/bomhc-directs-rbi-to-accept-demonetized-bank-notes-seized-before-deposit-deadline\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2025\\\/03\\\/13\\\/bomhc-directs-rbi-to-accept-demonetized-bank-notes-seized-before-deposit-deadline\\\/\"},\"author\":{\"name\":\"Simranjeet\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/aaee99423671d3377042373c5dcdabbd\"},\"headline\":\"\u2018Will facilitate receipt of legal tender\u2019; Bombay HC directs RBI to accept demonetized bank notes worth Rs 20 lakhs seized before deposit deadline\",\"datePublished\":\"2025-03-13T08:30:07+00:00\",\"dateModified\":\"2025-03-19T04:05:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2025\\\/03\\\/13\\\/bomhc-directs-rbi-to-accept-demonetized-bank-notes-seized-before-deposit-deadline\\\/\"},\"wordCount\":781,\"commentCount\":1,\"image\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2025\\\/03\\\/13\\\/bomhc-directs-rbi-to-accept-demonetized-bank-notes-seized-before-deposit-deadline\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/Bombay-High-Court.webp\",\"keywords\":[\"Bombay High Court\",\"demonetized bank notes\",\"deposit deadline\",\"Justice A.S. Chandurkar\",\"Justice M.M. Sathaye\",\"legal tender\",\"RBI\"],\"articleSection\":[\"Case Briefs\",\"High Courts\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2025\\\/03\\\/13\\\/bomhc-directs-rbi-to-accept-demonetized-bank-notes-seized-before-deposit-deadline\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2025\\\/03\\\/13\\\/bomhc-directs-rbi-to-accept-demonetized-bank-notes-seized-before-deposit-deadline\\\/\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2025\\\/03\\\/13\\\/bomhc-directs-rbi-to-accept-demonetized-bank-notes-seized-before-deposit-deadline\\\/\",\"name\":\"Bombay HC directs RBI to accept demonetized bank notes worth Rs 20 lakhs seized before deposit deadline | SCC Times\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2025\\\/03\\\/13\\\/bomhc-directs-rbi-to-accept-demonetized-bank-notes-seized-before-deposit-deadline\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2025\\\/03\\\/13\\\/bomhc-directs-rbi-to-accept-demonetized-bank-notes-seized-before-deposit-deadline\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/Bombay-High-Court.webp\",\"datePublished\":\"2025-03-13T08:30:07+00:00\",\"dateModified\":\"2025-03-19T04:05:51+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/aaee99423671d3377042373c5dcdabbd\"},\"description\":\"Bombay High Court directed RBI to accept demonetized bank notes worth Rs 20 lakhs seized before deposit deadline of 30-12-2016 as it would facilitate receipt of legal tender.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2025\\\/03\\\/13\\\/bomhc-directs-rbi-to-accept-demonetized-bank-notes-seized-before-deposit-deadline\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2025\\\/03\\\/13\\\/bomhc-directs-rbi-to-accept-demonetized-bank-notes-seized-before-deposit-deadline\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2025\\\/03\\\/13\\\/bomhc-directs-rbi-to-accept-demonetized-bank-notes-seized-before-deposit-deadline\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/Bombay-High-Court.webp\",\"contentUrl\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/Bombay-High-Court.webp\",\"width\":887,\"height\":591,\"caption\":\"Bombay High Court\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2025\\\/03\\\/13\\\/bomhc-directs-rbi-to-accept-demonetized-bank-notes-seized-before-deposit-deadline\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"\u2018Will facilitate receipt of legal tender\u2019; Bombay HC directs RBI to accept demonetized bank notes worth Rs 20 lakhs seized before deposit deadline\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/\",\"name\":\"SCC Times\",\"description\":\"Bringing you the Best Analytical Legal News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/aaee99423671d3377042373c5dcdabbd\",\"name\":\"Simranjeet\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/03d92c7ef8267a8c57730c194d10ea045f0dc6cb00ce27a633a2e25adccce1c9?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/03d92c7ef8267a8c57730c194d10ea045f0dc6cb00ce27a633a2e25adccce1c9?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/03d92c7ef8267a8c57730c194d10ea045f0dc6cb00ce27a633a2e25adccce1c9?s=96&d=mm&r=g\",\"caption\":\"Simranjeet\"},\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/author\\\/scc\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Bombay HC directs RBI to accept demonetized bank notes worth Rs 20 lakhs seized before deposit deadline | SCC Times","description":"Bombay High Court directed RBI to accept demonetized bank notes worth Rs 20 lakhs seized before deposit deadline of 30-12-2016 as it would facilitate receipt of legal tender.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.scconline.com\/blog\/post\/2025\/03\/13\/bomhc-directs-rbi-to-accept-demonetized-bank-notes-seized-before-deposit-deadline\/","og_locale":"en_US","og_type":"article","og_title":"\u2018Will facilitate receipt of legal tender\u2019; Bombay HC directs RBI to accept demonetized bank notes worth Rs 20 lakhs seized before deposit deadline","og_description":"Bombay High Court directed RBI to accept demonetized bank notes worth Rs 20 lakhs seized before deposit deadline of 30-12-2016 as it would facilitate receipt of legal tender.","og_url":"https:\/\/www.scconline.com\/blog\/post\/2025\/03\/13\/bomhc-directs-rbi-to-accept-demonetized-bank-notes-seized-before-deposit-deadline\/","og_site_name":"SCC Times","article_publisher":"https:\/\/www.facebook.com\/scc.online\/","article_published_time":"2025-03-13T08:30:07+00:00","article_modified_time":"2025-03-19T04:05:51+00:00","og_image":[{"width":887,"height":591,"url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Bombay-High-Court.jpg","type":"image\/jpeg"}],"author":"Simranjeet","twitter_card":"summary_large_image","twitter_title":"\u2018Will facilitate receipt of legal tender\u2019; Bombay HC directs RBI to accept demonetized bank notes worth Rs 20 lakhs seized before deposit deadline","twitter_misc":{"Written by":"Simranjeet","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.scconline.com\/blog\/post\/2025\/03\/13\/bomhc-directs-rbi-to-accept-demonetized-bank-notes-seized-before-deposit-deadline\/#article","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2025\/03\/13\/bomhc-directs-rbi-to-accept-demonetized-bank-notes-seized-before-deposit-deadline\/"},"author":{"name":"Simranjeet","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/aaee99423671d3377042373c5dcdabbd"},"headline":"\u2018Will facilitate receipt of legal tender\u2019; Bombay HC directs RBI to accept demonetized bank notes worth Rs 20 lakhs seized before deposit deadline","datePublished":"2025-03-13T08:30:07+00:00","dateModified":"2025-03-19T04:05:51+00:00","mainEntityOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2025\/03\/13\/bomhc-directs-rbi-to-accept-demonetized-bank-notes-seized-before-deposit-deadline\/"},"wordCount":781,"commentCount":1,"image":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2025\/03\/13\/bomhc-directs-rbi-to-accept-demonetized-bank-notes-seized-before-deposit-deadline\/#primaryimage"},"thumbnailUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Bombay-High-Court.webp","keywords":["Bombay High Court","demonetized bank notes","deposit deadline","Justice A.S. Chandurkar","Justice M.M. Sathaye","legal tender","RBI"],"articleSection":["Case Briefs","High Courts"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.scconline.com\/blog\/post\/2025\/03\/13\/bomhc-directs-rbi-to-accept-demonetized-bank-notes-seized-before-deposit-deadline\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.scconline.com\/blog\/post\/2025\/03\/13\/bomhc-directs-rbi-to-accept-demonetized-bank-notes-seized-before-deposit-deadline\/","url":"https:\/\/www.scconline.com\/blog\/post\/2025\/03\/13\/bomhc-directs-rbi-to-accept-demonetized-bank-notes-seized-before-deposit-deadline\/","name":"Bombay HC directs RBI to accept demonetized bank notes worth Rs 20 lakhs seized before deposit deadline | SCC Times","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2025\/03\/13\/bomhc-directs-rbi-to-accept-demonetized-bank-notes-seized-before-deposit-deadline\/#primaryimage"},"image":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2025\/03\/13\/bomhc-directs-rbi-to-accept-demonetized-bank-notes-seized-before-deposit-deadline\/#primaryimage"},"thumbnailUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Bombay-High-Court.webp","datePublished":"2025-03-13T08:30:07+00:00","dateModified":"2025-03-19T04:05:51+00:00","author":{"@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/aaee99423671d3377042373c5dcdabbd"},"description":"Bombay High Court directed RBI to accept demonetized bank notes worth Rs 20 lakhs seized before deposit deadline of 30-12-2016 as it would facilitate receipt of legal tender.","breadcrumb":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2025\/03\/13\/bomhc-directs-rbi-to-accept-demonetized-bank-notes-seized-before-deposit-deadline\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.scconline.com\/blog\/post\/2025\/03\/13\/bomhc-directs-rbi-to-accept-demonetized-bank-notes-seized-before-deposit-deadline\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/post\/2025\/03\/13\/bomhc-directs-rbi-to-accept-demonetized-bank-notes-seized-before-deposit-deadline\/#primaryimage","url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Bombay-High-Court.webp","contentUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Bombay-High-Court.webp","width":887,"height":591,"caption":"Bombay High Court"},{"@type":"BreadcrumbList","@id":"https:\/\/www.scconline.com\/blog\/post\/2025\/03\/13\/bomhc-directs-rbi-to-accept-demonetized-bank-notes-seized-before-deposit-deadline\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.scconline.com\/blog\/"},{"@type":"ListItem","position":2,"name":"\u2018Will facilitate receipt of legal tender\u2019; Bombay HC directs RBI to accept demonetized bank notes worth Rs 20 lakhs seized before deposit deadline"}]},{"@type":"WebSite","@id":"https:\/\/www.scconline.com\/blog\/#website","url":"https:\/\/www.scconline.com\/blog\/","name":"SCC Times","description":"Bringing you the Best Analytical Legal News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.scconline.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/aaee99423671d3377042373c5dcdabbd","name":"Simranjeet","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/03d92c7ef8267a8c57730c194d10ea045f0dc6cb00ce27a633a2e25adccce1c9?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/03d92c7ef8267a8c57730c194d10ea045f0dc6cb00ce27a633a2e25adccce1c9?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/03d92c7ef8267a8c57730c194d10ea045f0dc6cb00ce27a633a2e25adccce1c9?s=96&d=mm&r=g","caption":"Simranjeet"},"url":"https:\/\/www.scconline.com\/blog\/post\/author\/scc\/"}]}},"jetpack_featured_media_url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Bombay-High-Court.webp","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":94291,"url":"https:\/\/www.scconline.com\/blog\/post\/2016\/12\/26\/issuance-of-currency-notes-and-its-demonetisation-is-purely-an-executive-act-and-it-is-not-open-to-the-courts-to-step-into-the-said-arena\/","url_meta":{"origin":343585,"position":0},"title":"Issuance of currency notes and its demonetisation is purely an executive act and it is not open to the courts to step into the said arena","author":"Saba","date":"December 26, 2016","format":false,"excerpt":"Delhi High Court: In a case where the convict was permitted to deposit the fine amount of Rs.75,000\/- in demonitised currency by the learned Special Judge, the Bench of Vipin Sanghi, J. held that the issuance of currency notes and its demonetisation is purely an executive act and it is\u2026","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":264087,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/03\/22\/can-currency-notes-in-police-custody-pre-demonetization-be-replaced-with-current-valid-tender\/","url_meta":{"origin":343585,"position":1},"title":"Can Currency Notes in police custody pre-demonetisation, be replaced with current valid tender? Bom HC decides","author":"Bhumika Indulia","date":"March 22, 2022","format":false,"excerpt":"Bombay High Court: The Division Bench of G.S. Patel and Madhav J. Jamdar, JJ., addressed a matter concerning currency notes pre-demonetisation and their replacement with current valid tender. The petitioner had filed a criminal revision under Sections 420, 504 and 506 of the Penal Code, 1860. In the said matter,\u2026","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"Bombay High Court","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/02\/Bombay-HC.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/02\/Bombay-HC.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/02\/Bombay-HC.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/02\/Bombay-HC.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/02\/Bombay-HC.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":351775,"url":"https:\/\/www.scconline.com\/blog\/post\/2025\/06\/28\/know-thy-judge-justice-a-s-chandurkar-new-appointed-supreme-court-of-india-scc-times-news\/","url_meta":{"origin":343585,"position":2},"title":"Know Thy Newly Appointed Supreme Court Judge: Justice A.S. Chandurkar","author":"Editor","date":"June 28, 2025","format":false,"excerpt":"Justice Atul Sharachchandra Chandurkar\u2019s journey from Bombay High Court to the Supreme Court is a compelling narrative of dedication, legal prowess, and his profound commitment to justice.","rel":"","context":"In &quot;Know thy Judge&quot;","block_context":{"text":"Know thy Judge","link":"https:\/\/www.scconline.com\/blog\/post\/category\/judges-information\/"},"img":{"alt_text":"Justice A S Chandurkar","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/06\/image-89.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/06\/image-89.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/06\/image-89.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/06\/image-89.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":296116,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/07\/06\/delhi-hc-dismiss-pil-quashing-notification-issued-rbi-withdrawal-2000-banknotes-circulation\/","url_meta":{"origin":343585,"position":3},"title":"Delhi High Court dismisses PIL seeking quashing of RBI notification regarding withdrawal of 2000 banknotes from circulation","author":"Arunima","date":"July 6, 2023","format":false,"excerpt":"Delhi High Court observed that the decision is not to demonetize Rs. 2000 bank notes but only a direction to the banks to desist from issuing Rs. 2000 denomination notes to its customers and to ensure that no withdrawal of Rs. 2000 denomination notes is allowed from the banks holding\u2026","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"delhi high court","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/delhi-high-court.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/delhi-high-court.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/delhi-high-court.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/delhi-high-court.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":280876,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/01\/03\/demonetization-note-ban-supreme-court-nagarathna-gavai-constitution-bench-reserve-bank-india-fake-currency-balck-money-terror-financing-proportionality-legal-research-updates-news-law-explainer\/","url_meta":{"origin":343585,"position":4},"title":"Demonetisation Verdict: Breakdown of the majority and minority opinions","author":"Prachi Bhardwaj","date":"January 3, 2023","format":false,"excerpt":"While BR Gavai, J has written the majority opinion for himself and SA Nazeer, A.S. Bopanna, V. Ramasubramanian, JJ, to uphold the legality of the 2016 demonetization, BV Nagarathna, J is the lone dissenter who has held that though demonetisation was well-intentioned and well thought of, the manner in which\u2026","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"demonetisation","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/01\/MicrosoftTeams-image-28.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":280829,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/01\/02\/supreme-court-upholds-central-governments-decision-of-demonetising-rs-500-and-rs-1000-currency-notes-legal-research-legal-news-updates\/","url_meta":{"origin":343585,"position":5},"title":"Supreme Court upholds Centre&#8217;s decision of demonetising Rs. 500 and Rs. 1000 currency notes","author":"Editor","date":"January 2, 2023","format":false,"excerpt":"Supreme Court: In a petition against the demonitisation of Rs. 500 and Rs. 1000 currency notes in 2016, the Constitution Bench of S. Abdul Nazeer, B.R Gavai*, A.S. Bopanna, V. Ramasubramanian, B.V. Nagarathna**, JJ. has upheld the Centre's 2016 demonetisation scheme in a 4:1 majority and held that demonetisation was\u2026","rel":"","context":"In &quot;Hot Off The Press&quot;","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"decision of demonetising","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/01\/MicrosoftTeams-image135.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/343585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=343585"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/343585\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/314919"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=343585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=343585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=343585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}