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Home Co-op News Snippets

DeMo: Constitution bench verdict would be final

Ajay Jha by Ajay Jha
November 7, 2017
in Co-op News Snippets
0
TN: 5000 PACS come to standstill
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Supreme Court has asked petitioners to await for the verdict of a Constitution bench on the validity of demonetization.

The apex court was hearing 15 petitioners-individuals, corporate houses and cooperative banks -asking for a chance to deposit their demonetized old notes still lying with them,

The central govt has not taken kindly to such a demand saying this would defeat the very purpose of demonetization.

However, the petitioners argue the govt should examine the genuineness of their difficulty in approaching banks between November 9 and December 30 last year and permit them to redeem the scrapped currencies in their possession, which is their hard-earned money.

 

 

 

Tags: Constitution benchCOOPERATIVE BANKSDemonetizationSC
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