Here’s What Supreme Court Said On Government’s Demonetisation Move

The Supreme Court refused to stay, for now, the petitions against demonetisation pending before different High Courts and subordinate courts. A bench of Chief Justice TS Thakur and Justice Anil R Dave observed, “It indicates the magnitude of the problem is serious. People are going to the High Courts for relief. This is a serious issue.” 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.