The Bombay High Court Monday asked the Reserve Bank of India (RBI) to consider the issue of paying teachers of aided schools whose salaries are given through district cooperative banks. The Mumbai, Solapur, Nashik and Pune district central cooperative banks had approached the HC challenging the RBI circular dated November 14, restricting them from exchanging or depositing old currency notes of Rs 500 and Rs 1,000.
Solapur co-operative bank’s counsel V M Thorat said the bank received around Rs 95 crore from the state government for salaries of teachers in aided schools, but it had not been able to disburse the amount owing to the circular.
“It is common knowledge that teachers of aided schools get their salaries from cooperative banks. We want to know how teachers will get their salaries now. We cannot take this matter up on merits as the Supreme Court is already seized of the main contentions raised in the petitions,” said the court. The transfer petition filed by the Union government seeking for all petitions filed on the demonetisation issue will be heard by the Supreme Court on December 9. The high court has now kept this matter for hearing on December 14.