IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH **** 247 CWP-29237-2024 Date of Decision: 23.04.2026 M/S CMS INFO SYSTEMS LTD. ...Petitioner Vs. UNION OF INDIA AND ORS. …Respondents CORAM:- HON'BLE MR. JUSTICE JAGMOHAN BANSAL Present:- Mr. Abhinav Sood, Advocate and Mr. Akshay Sharma, Advocate for the petitioner Mr. Deepak Suri, Advocate for respondents-RBI Ms. Svaneel Jaswal, Addl. A.G. Haryana *** JAGMOHAN BANSAL, J. (ORAL) 1. The petitioner through instant petition under Articles 226/227 of the Constitution of India is seeking direction to respondent No.2 to change demonetized currency. 2. Learned counsel for the petitioner submits that at gunpoint miscreants robbed a sum of Rs.1,68,00,000/- from the petitioner. FIR No.263 dated 09.12.2013 under Section 392 of IPC and Sections 25, 54, 49 of the Arms Act, 1959 was registered at Police Station Pinjore, Panchkula. The police recovered a sum of Rs.83,73,000/- besides other articles. The police vide release order dated 06.07.2024 (Annexure P-10) released aforesaid currency. Detail of the currency notes is disclosed in Annexure P-9. The Government of India w.e.f. 08.11.2016 demonetized DEEPAK BISSYAN 2026.04.23 16:07 I attest to the accuracy and integrity of this document CWP-29237-2024 -2- currency notes of Rs.500/- and Rs.1000/-. The petitioner after release of aforesaid currency approached RBI to exchange demonetized currency with prevailing currency but to no avail. 3. Learned counsel for the respondent-RBI submits that as per notification dated 12.05.2017 issued by the Ministry of Finance, old currency confiscated or seized by any authority may be exchanged with new currency subject to the condition that serial numbers of the currency were noted by Law Enforcement Agency or produced before the Court. RBI would exchange only those currency notes which are mentioned in panchnama/release order dated 06.07.2024. 4. Learned counsel for the petitioner agrees to the aforesaid arrangement. 5. In the wake of statement of both sides, the petition stands disposed of with a direction to respondent-RBI to exchange currency notes noticed in panchnama/release order dated 06.07.2024 (Annexure P-9 and 10) prepared by police authorities. The needful shall be done within four weeks from the date petitioner approaches RBI. 6. Pending application(s), if any, stands disposed of. (JAGMOHAN BANSAL) JUDGE April 23, 2026 Deepak DPA Whether Speaking/reasoned Yes/No Whether Reportable Yes/No DEEPAK BISSYAN 2026.04.23 16:07 I attest to the accuracy and integrity of this document