SC issues notice to Centre on plea against RBI's refusal to accept banned notes

The Supreme Court on Monday issued a notice to the Narendra Modi-led central government, asking it to explain why it junked the November 8 notification which stated that an opportunity will be given to those who are unable to deposit demonetised notes by December 30.

The Supreme Court on Monday issued a notice to the Narendra Modi-led central government, asking it to explain why it junked the November 8 notification which stated that an opportunity will be given to those who are unable to deposit demonetised notes by December 30.

"For those who are unable to exchange their Specified Bank Notes on or before December 30, 2016, an opportunity will be given to them to do so at specified offices of the RBI, along with necessary documentation as may be specified by the Reserve Bank of India," the November 8 notification had said.

A bench led by Chief Justice of India J S Kehar gave the directive on a petition filed by a woman who argued that she could not exchange a substantial amount of the defunct currency notes in November and December as she was pregnant at that time and that she intended to do so after giving birth to her child, the Economic Times reported.

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At least four cases have been filed before the apex court alleging that RBI's refusal to accept old notes is a violation of statutory notification issued on 8 November 2016.

"The Prime Minister's speech and the notification that followed clearly said that any person who is unable to deposit the old notes before 31 December 2016 can do so at specific branches of RBI," the lawyer for petitioners argued.

A bench headed by Chief Justice of India J.S. Khehar sought the Centre's response on the pleas before March 10.