Source: News Bharati English16 Nov 2016 18:43:20

New Deli, Nov 16: Directing the government to submit what steps it has taken to reduce the public inconvenience, the Supreme Court of India Wednesday refused to stay the notification of demonetising Rs 500 and Rs 1000 denomination notes issued by the Narendra Modi government on November 8.

“We will not be granting any stay,” a bench comprising Chief Justice T S Thakur and D Y Chandrachud said.

The remarks were made after some advocates insisted on a stay.

Senior advocate and Congress leader Kapil Sibal who appeared for one of the petitioners said that he was not seeking a stay on the notification but wanted to know from the government what steps they have contemplated to minimising inconvenience to common people.

The SC Bench directed Attorney General Mukul Rohtagi to file an affidavit about the steps already initiated by the government and the Reserve Bank to reduce the difficulties of the citizens and what steps the government would take in the future.

The Bench posted the matter for next hearing on November 25 without giving any direction to the government or the Reserve Bank.

Chief Justice T S Thakur noted during the hearing that the objective of the decision was laudable but also observed the inconvenience it caused to the common citizens at large.

“You can have a surgical strike against black money but you cannot have a surgical strike against the people of the country,” the SC Bench noted.

The centre had already filed a caveat in the matter and as the hearing started the centre sought dismissal of the petitions challenging demonetisation on various grounds including that the move was ‘misconceived’.

Attorney General Mukul Rohtagi on behalf of the centre explained the idea behind this move and said that a large number of fake currency was being used to fund terrorism in sensitive parts of the country including J & K and North-eastern states.;  

However, he agreed with the Court on some inconvenience to the citizens due to this sudden move that was ‘bound to have some kind of collateral damage’.