‘This is a serious issue’: SC says no to stay on demonetisation challenge in lower courts

The Centre had on November 8 demonetised Rs 500 and Rs 1,000 currency notes to what it said was curb black money and corruption.

By: IANS | New Delhi | Updated: November 18, 2016 4:19 pm
An Indian woman carrying a child stands with others in a queue to deposit and exchange discontinued currency notes outside a bank in Hyderabad, India, Thursday, Nov. 17, 2016. India announced a week ago that it was withdrawing 500 and 1,000 rupee notes as legal tender to fight corruption and tax evasion.(AP Photo/Mahesh Kumar A.) A woman carrying a child stands with others in a queue to deposit and exchange discontinued currency notes outside a bank in Hyderabad .(AP Photo/Mahesh Kumar A.)

The Supreme Court on Friday refused to stay, for now, the petitions against demonetisation pending before different High Courts and subordinate courts.

“It indicates the magnitude of the problem is serious. People are going to the High Courts for relief. This is a serious issue. Let them go,” said a bench of Chief Justice T.S. Thakur and Justice Anil R. Dave as Attorney General Mukul Rohatgi urged the apex court to stay all such proceeding in High Courts and subordinate courts.

WATCH VIDEO: Finance Minister Arun Jaitley Rules Out Roll Back Of Demonetisation Move

Adjourning the matter for November 25, the court asked the Attorney General to move transfer petitions, which the court will consider.

The Centre had on November 8 demonetised Rs 500 and Rs 1,000 currency notes to what it said was curb black money and corruption.