Categorise cases challenging demonetisation: SC

Categorise cases challenging demonetisation: SC

New Delhi:

The Supreme Court on Friday deferred to Monday its hearing on a batch of petitions challenging the demonetisation, asking the cases to be categorised for a smooth hearing.
The apex court was hearing on the Centre’s plea seeking the transfer of a large number of cases currently pending before various high courts and subordinate courts challenging various dimensions of the November 8 decision.

The hearing also included circulars issued after November 8, on various aspects and fallout of the ban announced on higher value currency notes.

A bench of Chief Justice T.S. Thakur and Justice D.Y. Chandrachud adjourned the hearing for Monday, asking Attorney General Mukul Rohatgi and senior counsel Kapil Sibal to sit together and categorise the different cases so that the hearing of the matter could be streamlined.

However, one category that stood out was that of district co-operative banks which were faced with serious cash crunch situation as money deposited with them was not being accepted by the State Bank of India nor were they earning any interest on the deposited amount.

The court was told that district cooperative banks were also not getting any new currency.

Senior counsel P. Chidambaram representing some of the district cooperative banks said that he agreed with the Attorney General seeking the transfer of their cases to the apex court as the working of these banks were paralysed.

The worst affected district cooperative banks were in Kerala, Maharashtra and Rajasthan.


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Categorise cases challenging demonetisation: SC | NORTH INDIA KALEIDOSCOPE

Rajesh Ahuja

I am a veteran journalist based in Chandigarh India.I joined the profession in June 1982 and worked as a Staff Reporter with the National Herald at Delhi till June 1986. I joined The Hindu at Delhi in 1986 as a Staff Reporter and was promoted as Special Correspondent in 1993 and transferred to Chandigarh. I left The Hindu in September 2012 and launched my own newspaper ventures including this news portal and a weekly newspaper NORTH INDIA KALEIDOSCOPE (currently temporarily suspended).