Some cases may be considered
Five judges Justice S. Abdul Nazir, B.R. Gavai, A.S. Bopanna, V. Ramasubramanian and B.V. Nagaratna is considering the validity of the November 8 decision to demonetise Rs 500 and Rs 1,000 notes. According to a report in Live Law, Attorney General of India R Venkataramani said, ‘The dates for exchange of demonetised notes cannot be extended. But the Reserve Bank will consider certain individual cases subject to fulfillment of necessary conditions by the applicants and to the satisfaction of the Central Bank. Venkataramani was talking about the 700 applications that came to the RBI.
Now these petitions have no meaning
The Attorney General defended the notification of demonetisation in the court. He said that demonetisation was implemented to curb the problem of fake notes, black money and terrorism. The government says that demonetisation was implemented under the rules of the Reserve Bank Act, 1934. The government says that considering the petitions after six years is an academic exercise, it has lost its meaning.
what are the petitioners saying
The Supreme Court is hearing several petitions challenging demonetisation. It has been said that he has old notes lying with him. One of the petitioners said that he has kept old notes of more than one crore rupees. On this, the court said that you keep them carefully. One of the petitioners stated that he was abroad at the time of demonetisation. The date for exchange of notes was closed before March. While it was said that the window would remain open till the end of March. Similarly, one of the petitioners said that lakhs of rupees seized from him were deposited in the court, but after demonetisation they all became worthless.
Source: navbharattimes.indiatimes.com
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