Demonetisation- Allow A Window For Genuine People To Deposit Old Notes: SC Suggests To Centre

The Supreme Court today suggested the Centre to accept old notes of Rs 500 and Rs 1000 of genuine persons and take a decision after verifying the authenticity of individual case after demonetisation  issue.

The Centre sought two weeks time to seek instructions from government to inform the court.

A bench led by Chief Justice of India (CJI) Justice J S Khehar asked Solicitor General Ranjit Kumar to seek  instructions by July 18.

"Allow a window for genuine people...where it is not such cases which we entertained in court. We are satisfied with their reasons for not depositing the old notes but there ids no window," CJI said.

"Take the money and do whatever after verification. If u don't do it then there is a serious issue", said the Court.

Solicitor General admitted that Reserve Bank of India should have taken up atleast individual cases and sought more time from court.

After demonetisation period from November 8 to December 31, 2016 government had not allowed any other persons to deposit old notes in banks.

The government has, however allowed those people to deposit money who were abroad during demonetisation period.

The bench was hearing batch of PILs alleging that PM in his speech had assured to allow genuine persons but on December 31 notification, the government had closed all windows for people.

The petitions accused the Government of breaching the promises which the Prime Minister Narendra Modi made on November 8, 2016 hours before declaring the high value currencies Rs 500 and Rs 1000 legally not valid. PM’s speech and the subsequent