Girish Rameshchandra Malani vs Reserve Bank Of India, Nagpur Thr. ... on 22 April, 2026
19. The issue arising in the present case is no longer res integra. In Writ Petition
No.2926 of 2017 along with Interim Application No.3542 of 2019, it has been
observed that where the specified bank notes were seized prior to the prescribed
date and were returned thereafter, the petitioner therein could not be denied the
benefit of exchange merely on account of such circumstances. A similar view has
been taken by the Co-ordinate Bench in Writ Petition No.507 of 2021, wherein in
comparable facts, relief has been granted by directing acceptance of such specified
bank notes. Similarly, in Kishor Ramesh Sohoni v. Union of India (supra) , the Court
has held that where the specified bank notes remained in custody of the authorities
and the petitioner was not in a position to comply with the requirements under the
statutory scheme, appropriate directions could be issued in exercise of writ
jurisdiction to ensure that the petitioner is not deprived of the value of such
amount.