If Relief Granted for Exchanging Old Notes, It’ll Be for All: SC

Opinion makers said the real impact of demonetisation on earnings would be felt in Q4.

The Supreme Court on Tuesday said if it decides to grant relief for extension of the window for exchanging scrapped notes, it will be not in individual cases, but for the general public.

“If there has to be a window (extension for depositing demonetised notes) then all of you (petitioners and others) have to be considered,” a bench comprising Chief Justice JS Khehar and Justices DY Chandrachud and SK Kaul said.

It was hearing a batch of pleas, including the one filed by Sudha Mishra, challenging the Centre's decision not to allow the public at large to deposit demonetised currency notes till 31 March, as promised by Prime Minister Narendra Modi and others, as the window ended on 30 December 2016.

Attorney General (AG) Mukul Rohatgi, appearing for the Centre, referred to the recent affidavit filed by the government on the issue, and said that "we have given the reasons as to why we do not want to open the window".

“I am bound by the court’s order... There cannot be a separate window (to deposit notes) for individuals. If the court allows and grants the window (relief), then it has to be for all,” he said.

When some lawyers, representing persons who wanted to deposit currency notes besides seeking other reliefs, started arguing their individual cases, the AG said, "Then, I will have to file separate counter affidavits on the facts of each case."

The court then posted the petitions for hearing after the summer vacations.

(With inputs from PTI.)

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