A PIL raising allegations against Finance Minister Arun Jaitley relating to the capital reserve of the Reserve Bank of India has been rejected by the Supreme Court on Friday.
A fine of Rs 50,000 on advocate M L Sharma, who had filed the public interest litigation (PIL) has been issued by the apex court.
According to the report published in the DC, a bench comprising Chief Justice Ranjan Gogoi and Justice S K Kaul said, “We find no reason whatsoever to entertain this PIL.”
In the PIL, 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.
The Chief Justice warned him not to continue with the submissions, saying the cost will be imposed if he was unable to satisfy the court. It displeasure that the advocate made the finance minister as the main party in the PIL.
The bench said, “What is this PIL? You cannot go on with such misadventure. What exactly is this? You are saying the finance minister is plundering the capital reserve of the RBI. You are not bringing honour to this institution. Why do we permit you to go ahead with this PIL?”