Old 500-1000 Rupees: The Supreme Court said that RBI should consider the applications of those who have missed the deadline to exchange their old notes. The next hearing in this matter will now be held on December 5.
Image Credit source: India Today
Supreme Court Hearing: If you still have old notes of 500 and 1000 rupees and have not been able to exchange them for some reason, then you still have a chance to exchange old notes of 500 and 1000 rupees. The Supreme Court is hearing petitions challenging demonetisation. Supreme Court (supreme court) said in a statement during the hearing of petitions challenging demonetisation on Friday that the Reserve Bank of India (Reserve Bank of India) should consider genuine applications made by persons who have missed the deadline for exchange of old currency notes. They should be given one more chance to exchange the notes. The next hearing in this matter will now be held on December 5.
Let us tell you that many people across the country would have found old notes of 500 and 1000 while cleaning their house. In such a situation, some people would have kept these notes as a memento and some people would have thrown them away considering them useless. Because he would not have been found at the time of exchange of notes. Therefore, the people who have kept those notes safe can still get a chance to exchange them. Because the validity of the November 8 decision to demonetise Rs 500 and Rs 1,000 notes is being considered in the Supreme Court.
Judge considering legality
Five judges Justice S. Abdul Nazir, B.R. Gavai, A.S. Bopanna, V. Ramasubramanian and B.V. Nagaratna is considering the validity of the November 8 decision to demonetise Rs 500 and Rs 1,000 notes. According to a report in Live Law, Attorney General of India R Venkataramani said that the dates for exchange of demonetised notes cannot be extended, but the Reserve Bank will consider certain individual cases subject to fulfillment of necessary conditions by the applicants and to the satisfaction of the central bank. Will consider
Thinking now is an academic exercise
The Attorney General defended the notification of demonetisation in the court. He said that demonetisation was implemented to curb the problem of fake notes, black money and terrorism. The government says that demonetisation was implemented under the rules of the Reserve Bank Act 1934. The government says that considering the petitions after six years is an academic exercise, it has lost its meaning.
The petitioner did these things
The Supreme Court is hearing several petitions challenging demonetisation. It has been said that he has old notes lying with him. A petitioner said that he has kept old notes worth more than one crore rupees. On this, the court said that you should keep them carefully. One of the petitioners said that he was abroad at the time of demonetisation. The date for exchange of notes had closed before March. While it was said that the window would remain open till the end of March. Similarly, a petitioner said that lakhs of rupees seized from him were deposited in the court, but after demonetisation they all became useless.
English News Headline : Supreme Court hearing petition challenging note bandi 500 1000 rupees.