Hearing on demonetised currency deferred

The Supreme Court today said that it would hear after summer vacation a batch of pleas seeking a grace period for exchanging demonetised currency notes.
File photo of the Supreme Court. | PTI
File photo of the Supreme Court. | PTI

NEW DELHI: The Supreme Court on Tuesday deferred the hearing on a batch of pleas that sought extension of time for exchanging demonetised currency notes.

This means that those who are left with demonetised currency can wait till July until court decides on it.
A bench headed by Chief Justice J S Khehar posted the hearing on pleas after summer vacation after one of the petitioners sought time to respond to the Centre’s reply on the issue.

In the reply filed last week, Centre had informed the court that it has taken a conscious decision not to extend the period beyond December 30 last year for exchanging the demonetized currency notes and “It was not legally bound to come out with a fresh notification to grant grace period or window for depositing scrapped currency notes.”

“There is no legal duty cast upon the government to issue any notification extending the grace period. Equally, the petitioner has no legal right to claim grace period,” Centre submitted. Centre also made it clear that the demonetisation period was between November 9 to December 30 last year within which exchange and deposit of bank notes was permitted for every person.

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The New Indian Express
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