1. Demonetisation: Petition filed in SC to stay circulation of Rs 2000 notes as colour wears off

Demonetisation: Petition filed in SC to stay circulation of Rs 2000 notes as colour wears off

A petition was filed by M L Sharma in the Supreme Court on Friday to put a stay on the circulation of Rs 2000 as its colour wears off.

By: | Updated: November 18, 2016 2:49 PM

 

demonetisation update, demoetosation news, rs 2000 ban, rs 2000 leaves colour, rs 2000 colour The new Rs 2000 note was introduced by the Reserve Bank of India following Prime Minister Narendra Modi’s announcement to scrap Rs 500 and Rs 1000 overnight. (PTI)

The new high denomination currency, that comes in pink is reported to be been a pain for the users as many have complained that the note tends to leave colour. The new note was introduced by the Reserve Bank of India following Prime Minister Narendra Modi’s announcement to scrap Rs 500 and Rs 1000 overnight. Complaints have ben reported over the practicality of the high denomination note and how it is difficult to use for smaller day to day transactions.

Meanwhile, the Supreme Court also refused to stay the hearings in various High Courts and lower courts on matters related to demonetisation. The Union government had filed an application seeking the Supreme Court’s order to not entertain any petitions anywhere in India regarding the issue of demonetisation as the matter is still sub judice. Attorney General Mukul Rohatgi cited the examples of the 2G case and the coal allotment scam in which the Supreme Court had passed similar orders.

The Supreme Court, however, asked Rohatgi to file a transfer petition if the government wants a stay. The next hearing is scheduled on November 25. The apex court also expressed its concerns over the problems faced by the common man. Attorney General Rohatgi said that the government would file a transfer petition, seeking transfer of all the pending case across the country regarding the matter. The Chief Justice observed that the matter can be heard by the Delhi High Court.

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