The Supreme Court today decided not to stay proceeding in cases filed in several courts in the country on the issue of demonetisation of high-value notes in which old Rs 500 and Rs 1,000 were scrapped by the government earlier this month. However, the top court agreed to transfer all pending cases on demonetisation to a single court.
Earlier in the day, Attorney General Mukul Rohatgi had requested the top court to stay proceedings in PILs filed in various courts across the country. In his plea, Rohatgi said that the situation has fast improved in banks and ATMs as the government has already collected Rs 6 lakh crore and further Rs 15 lakh crore is expected to be collected. He also told the apex court that there is no shortage of huge currency notes in the country, but the delay is on due to transportation problems and people should not panic.
Since the sudden address to the nation on November 8 evening by Prime Minister Narendra Modi announcing demonetisation of high value notes, there has been a lot of chaos among people due to shortage of cash in banks and ATMs. After the abnnounvcement by the government, The RBI has also relaxed withdrawal norms for families having wedding in their families and farmers. Prime Minister Narendra Modi is also constantly reviewing the policy changes.
Yesterday, the prime minister has also sought the public’s opinion on demonetisation move through an app survey. The winter session of the Parliament is constantly adjourned over the issue since November 16.