The Supreme Court today urged the Centre to explore the possibility of providing a window for depositing old notes with the RBI for those people who could not do so due to compelling reasons, in a matter related to demonetisation.
The Centre demonetised Rs 500 and Rs 1,000 notes+ on November 8.
Well, as of now the government has agreed on the guidelines of the apex court that it is ready to examine "the genuineness of each case" involving people who still have old currency notes. "We want to know why you chose to bar such person from depositing money", said the bench.
"You can't take away my money if I was terminally ill", the SC bench said, while coming down heavily on the Centre on its arbitrary and rather short-sighted deadline of December 30, 2016 to deposit all the old notes.
Chief Justice JS Khehar and Justice DY Chandrachud said the Centre can not deny people the right to exchange the invalid currency.
The solicitor general had then sought time from the apex court to seek instructions for giving an opportunity to people to deposit their money on a case-by-case basis, according to PTI.
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The Supreme Court has demanded a response from the government within two weeks. If people were unable to deposit them by that day, they could do so till March 31, 2017 at RBI branches after complying with certain formalities.
The apex court was hearing a petition filed by advocate Sudha Mishra and others seeking a direction from it in connection with the deposit of old currency notes of Rs. 500 and 1,000.
The notes of Rs 500 and Rs 1,000 were declared invalid by the Central government previous year on November 8, while giving time to people to deposit their old notes with the banks in exchange of new ones till December 30, 2016.
On March 10, it sought replies from the Centre and RBI on the plea against tweaking of rules on exchange of demonetised currency.
It must be remembered that the SC had asked the Centre in March this year why the deadline to deposit old notes hadn't been extended beyond December 31.
The petitioner referred to the Specified Bank Notes Cessation of Liabilities Ordinance and said it had breached the assurance.