Demonetisation: SC raps Centre, says 'genuine' individuals be allowed to deposit old 500, 1000 notes

Source : ANI
Last Updated: Tue, Jul 04, 2017 12:59 hrs

New Delhi: The Supreme Court, in a big relief to all those bearing the brunt of demonetisation, on Tuesday rapped the Centre and asked them to give another chance to "genuine people to deposit old notes".

The Centre has been given two weeks to respond.

Rebuking the Centre for setting up a deadline for depositing demonetised currency, the apex court observed, "One cannot make people suffer if they have genuine reasons, should be allowed to deposit old notes".

The Supreme Court on Tuesday asked the Central government and the Reserve Bank of India, whether a window can be provided to the people who could not deposit their old Rs 500 and Rs 1000 currency notes.

The Central government told the division bench of the Apex Court on Tuesday that it would file an affidavit in the case.

The apex court was hearing a petition filed by advocate Sudha Mishra and others seeking a direction from it in connection with the deposit of old currency notes of Rs 500 and Rs 1000.

Following the announcement of demonetising currency notes worth Rs 500 and Rs 1000 in November last year, the Government had instructed people to deposit their old currency notes with the RBI till December 30, 2016.