The petition filed on Wednesday, has claimed that the high court has failed to appreciate that the RBI notification of May 19 and SBI notification of May 20, permitting exchange of Rs 2,000 currency notes without obtaining any requisition slip and identity proof, is "manifestly arbitrary and irrational".
The SBI chairman said that the bank has identified few high-value stressed accounts that will be transferred to the National Asset Reconstruction Company Ltd (NARCL) this financial year.