SC’s no to stay demonetisation notification, asks govt to give relief details

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Supreme CourtThe Supreme Court on November 15 asked the Centre to provide details of the measures it was taking to ease long queues at banks and ATMs. The court said this while rejecting to stay domonetisation notification of Rs 1,000 and Rs 500 currency notes.

A bench comprising Chief Justice TS Thakur and Justice DY Chandrachud said “We will not grant any stay,” after hearing a bunch of pleas against demonetisation.

Stating that he wasn’t asking for a stay, advocate Kapil Sibal, appearing for a petitioner, said he wanted the government to reveal what steps it was taking to minimise public inconvenience.

Attorney General Mukul Rohatgi was asked to file an affidavit spelling clearly the steps RBI and government are taking to reduce public inconvenience and the measures to be taken in near future.

While saying “there is some inconvenience also to the public at large,” the Chief Justice said “You (Centre) can have surgical strike against black money but you cannot have surgical strike against people of the country.”

The court fixed the next hearing on the issue on November 25.

The bench was informed that Rs 3.25 lakh crore was deposited in the banks since November 10 and Rs 11 lakh crore was remaining to be added in the near future, said Rohatgi.