SC Dismisses PIL Against Arun Jaitley, Fines Petitioner Rs 50,000

The PIL raised allegations against the Finance Minister relating to capital reserves of the Reserve Bank of India.

The Supreme Court, on Friday, 7 December, dismissed a PIL raising allegations against Finance Minister Arun Jaitley relating to capital reserves of the Reserve Bank of India (RBI).

The apex court also imposed 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 S K 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.