NEW DELHI: The Supreme Court today agreed to hear on Friday two fresh petitions along with other pending PILs challenging Centre’s decision to demonetise Rs 500 and Rs 1,000 currency notes.
While 14 cooperative banks of Kerala seek a nod to transact business like banks, a BJP leader, who is also a lawyer, has moved the apex court seeking demonetisation of currency notes higher than Rs 100 denomination.
A bench headed by Chief Justice T S Thakur fixed the two pleas, which were mentioned for urgent listing today, for hearing on December 2 when it will also hear a batch of petitions along with the Centre’s transfer plea on the issue.
The plea filed by the cooperative banks have sought the apex court’s nod to handle cash on par with state-run banks, claiming that the move did not allow the district cooperative banks to exchange old notes, which was discriminatory as they operated according to the RBI’s guidelines.
The plea also contended that allowing the private banks to exchange old notes while restricting district cooperative banks from doing so, amounted to discriminatory practice.
The plea filed by Delhi BJP spokesperson and Supreme Court advocate Ashwini Kumar Upadhyay sought recalling of the higher denomination currency above Rs 100 claiming it necessary for curbing corruption, plugging blackmoney generation and to control terrorism, naxalism, radicalism, gambling, smuggling, money laundering, bribing and extortion. (AGENCIES)
The post Demonetisation: SC to hear fresh pleas with others on Dec 2 appeared first on Jammu Kashmir Latest News | Tourism | Breaking News J&K.
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