Friday, November 11th, 2016

Madras HC dismisses plea against demonitisation

Narada Desk | November 11, 2016 11:33 am Print
The government's move should be stopped and a direction should be given to it to make the currency notes valid again, the petitioner from Indian National League said.

As the chaos of high denomination currency ban continues, Madras High Court on Thursday dismissed a Public Interest Litigation filed seeking a direction to the central government to make the demonetised Rs 500 and Rs 1,000 currency notes valid again.

The Public Interest Litigation had been filed by Indian National League state general secretary M Seeni Ahmed in response to which Madurai bench of Madras High Court observed that demonetisation was good for the country.

Reportedly, when the PIL came up for hearing before the division bench, the petitioner supported the move of demonetisation of the notes but it has caused severe hardship to the general public as the government had taken the action suddenly. The government’s move should be stopped and a direction should be given to it to make the currency notes valid again, the petitioner from Indian National League said.  It also argued that the move affects basic needs of people and asked for more cash counters in public places.

In reply to the petition, government side said that it was a policy decision and was taken for people’s welfare. With this, the court dismissed the petition.

On Tuesday night, Prime Minister Narendra Modi announced in an emergency statement that government will be scrapping the high denomination currency of Rs 500 and Rs 1000 from immediate effect i.e. midnight beginning on November 9, in an attempt to combat black money, corruption and terror-financing. New Rs 2000 notes had been issued by the government.

Banks were announced closed for two days, and ATMs had also been closed in attempt to arrange new currencies in the bank for the exchange for the public. The banks have been announced operational for Saturday and Sunday as well to help the efficient exchanging of money, the government had announced.

It is to be noted that the Supreme Court will be hearing another petition in regard to demonetisation on November 15. The PIL has been filed by a lawyer from Uttar Pradesh who termed the government move “arbitrary” and a “huge inconvenience” to the public.

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