private person to take currency
from the Currency Chest directly is not only violation of RBI Regulation
in maintenance of currency chest, it is also ... bank officials to remove huge currency from the Currency Chest by
falsifying the account and replacing the old currency in the place of new
currency
earn huge
profit by converting black money in the form of old currency
4
notes into new currency notes. In this conspiracy, the said ... Bank
Manager Ashish asked accused Raj Kumar to deposit old
currency notes in Cannaught Place branch of Kotak Mahindra
Bank. It is also revealed that
demonetization and the people were in queue to exchange
2
those old currency notes for new ones. As the seizure of
currency notes ... currency, which were seized by the Income
Tax Authorities are nothing but the currency received in
lieu of exchange of old currency notes (demonetized
currency
attract any criminal charges for holding old notes in
huge denominations. These sections permit unlimited deposit of old
currency in the bank account and there ... various individuals recorded under Section 50 confirm that money in old
currency pertained to the petitioner and the conspiracy was executed on his
instructions
paid
an amount of Rs.8,00,000/- in Rs.500/- old currency notes cannot
be accepted. He has not produced any IT returns ... that he had Rs.8,00,000/- in the form of old currency notes of
Rs.500/- cannot be accepted. So it probablises the case
legal
tender commencing midnight wherein people were allowed to
deposit the old currency notes in banks and post offices until
December 30, 2016. Further ... public as well. 7 The amount
was admittedly advanced (in old currency notes) during the last
week of November, 2016 i.e. during the time
currency of Rs.1,000/
and Rs.500/ and thereafter release new currency notes of
denomination of Rs.2000/ and Rs.500/. As the old ... accused by
way of cash in old currency notes of Rs.1,000/ and Rs.500/ which
were kept in his house from
20269/2012
11. Point No.2: Four old currency notes available Rs.1,000/
each which is all together marked as MO2 is seized from ... stands
cancelled.
MO1 being worthless is ordered to be destroyed.
MO2 old currency notes of value Rs.1,000/ X 4 =
4,000/ in total
2016-17 dated November 08, 2016. Banks were
allowed to exchange old currency notes up to Rs.4000/- against valid identity proof
and requisition slip ... were actually granted to the
accused, then the same was in old currency notes, which were in circulation before
demonetization. With the declaration of demonetization
submitting that he neither sought to influence any witness during the
currency of the said bail, nor defaulted in surrendering, immediately
on his request ... Report, that, pursuant to the move,
of the Government, to demonetize old currency, Harish Tiwari
deposited ₹ 93 lakhs in banks, in relation to which notice
