Demonetisation appears to be carpet bombing, not surgical strike: Supreme Court

The hearing has been adjourned to November 25, and the court said that it will examine legal validity of the government notification and then take a decision.

By: Express Web Desk | New Delhi | Updated: November 15, 2016 7:42 pm
demonetisation, supreme court, currency notes, narendra modi, old notes, 500 and 1000 note, SC petition demonetisation, SC hearing demonetisation The Supreme Court. (File Photo)

The Supreme Court on Tuesday directed the Central government to take steps to ensure that the common man was not burdened by its decision to discontinue old Rs 500 and 1000 notes. “Discontinuing of higher denomination notes appears to be carpet bombing and not surgical strike,” the bench said.

WATCH VIDEO: Demonetisation: Banks Provide New Rs 500 Notes

The Apex Court was hearing a clutch of petitions demanding the roll back of the government’s decision to scrap the old notes. The bench asked the government to file an affidavit to justify its notification and the steps it has taken to ensure people have enough liquidity. Refusing to stay the government’s move for the time being, the court said that it will examine the legal validity of the notification and then take a decision. The bench also said that not everyone who had Rs 500 and 1000 notes “can be painted as a black money hoarder”.

Attorney General Mukul Rohatgi informed the bench that Rs 3.25 lakh crore were deposited in the banks since November 10 and Rs 11 lakh crore would be added in the next few days. The hearing has been adjourned to November 25.

WATCH VIDEO: India Queues Up Outside ATMs

Meanwhile, Economics Affairs Secretary Shaktikanta Das addressed the media on Tuesday and said banks will be using indelible ink to track unscrupulous people who are making multiple visits to the bank counters.


For all the latest Business News, download Indian Express App

  1. S
    Nov 15, 2016 at 5:01 pm
    Govt is by the people and for the people. There are enough safe guards against popu list measure. SC to stay out of it.
    1. P
      Nov 15, 2016 at 12:42 pm
      1. C
        Chander Pal
        Nov 15, 2016 at 9:41 am
        Every political eny wanted to control the ever ballooning black money. Now that government has taken steps these very double faced people want to create road blocks. I hope they were not thinking that banks will shower new notes through helicopters. To reach each and every individual there could not have been a better, secured, safe and honest way to change the notes.
        1. H
          Haru Mandal
          Nov 15, 2016 at 9:45 am
          If our beloved LEADER/leaders/his acolytes /his mandarins of IAS officers /TOP Bank Officers / TOP RBI officers think - this is the ONLY way our country CAN fight and stop black money and CORRUPTION - then they have to BAN/"demonetise" currency notes EVERY YEAR. What happened to LOKPAAL of India!!!! Our first Lokpaal could not be appointed in last 2 -or 3 years by our present govt and the previous govt in last 3 years. We don't need Lokpaal anymore??? What about independent CBI? We don't need it anymore.
          1. J
            Nov 16, 2016 at 8:07 am
            It was Congress lawyer Sibal who called this as "carpet bombing", not the court. Indian Express, you can as well change your name as "Lies Express" - Journalism of untruth.
            1. Load More Comments