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SC imposes Rs.50,000 fine on lawyer ML Sharma

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The Supreme Court has rejected a petition raising allegations against Finance Minister Arun Jaitley relating to the capital reserve of the Reserve Bank of India (RBI). The top court also imposed a fine of Rs. 50,000 on the lawyer who had filed the petition. The court said the Supreme Court registry will not accept any petitions from ML Sharma unless he pays the fine.