SC refuses to stay Centre’s decision to demonetise Rs 500/1,000 notes

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NEW DELHI : The Supreme Court on Tuesday refused to stay the Centre’s move to demonetise high-value currency notes in the country, following a plea filed that sought cancellation of the decision. However, the top court sought an affidavit from the government on the steps it has taken to ease the inconvenience it had caused to the public. The top court called it a “carpet bombing” instead of a surgical strike on black money.

After Prime Minister Narendra Modi’s surprise announcement regarding demonetising Rs 500 and Rs 1,000 notes in the country, banks and ATMs have been flooded with thousands of citizens seeking to exchange their now illegal tender, and to withdraw new currency. The Centre’s move was made to crack down on corruption and black money in the country.

Following the announcement, a batch of petitions were filed, seeking the cancellation of the government’s move, on the grounds that it had infringed on the public’s right to life and trade with others. A bench of the court comprising Chief Justice of India TS Thakur and Justice DY Chandrachud heard the petitions that alleged the move created chaos for the public.

The Centre had already filed caveats seeking that the apex court hear its views while hearing the petitions. The case will be heard next on November 25, PTI reported.


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