November 15, 2016 9:11 PM

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SC refuses to stay Govt's demonetization notification

Supreme Court today refused to stay the government's notification demonetising 500 rupees and 1,000 rupees currency notes but asked it to spell out the steps taken to minimise public inconvenience. <br/><br/>A bench comprising Chief Justice T S Thakur and D Y Chandrachud said, they will not be granting any stay as some advocates had insisted on it. <br/><br/>The bench asked Attorney General Mukul Rohatgi to file an affidavit about the measures already undertaken by the government and the RBI to minimise public inconvenience and also the steps likely to be undertaken in future. Without issuing any notice to the Centre or the RBI, the bench posted the matter for further hearing on November 25.

November 15, 2016 5:03 PM

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SC refuses to stay Govt's demonetization notification

Supreme Court today refused to stay the government's notification demonetising 500 rupees and 1,000 rupees currency notes but asked it to spell out the steps taken to minimise public inconvenience. <br/><br/>A bench comprising Chief Justice T S Thakur and D Y Chandrachud said, they will not be granting any stay as some advocates had insisted on it. <br/><br/>The bench asked Attorney General Mukul Rohatgi to file an affidavit about the measures already undertaken by the government and the RBI to minimise public inconvenience and also the steps likely to be undertaken in future. Without issuing any notice to the Centre or the RBI, the bench posted the matter for further hearing on November 25.

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