The Supreme Court on Wednesday refused the Centre’s request to stay the proceedings in various courts on demonetisation of Rs 500 and Rs 1000 notes.
The three-judge bench headed by Chief Justice T S Thakur said people may get “immediate relief” from the proceedings on the currency ban.
“We don’t want to stay it. There are various issues.People may get immediate relief from the high courts,” the bench comprising Justices D Y Chandrachud and L Nageswara Rao told Attorney General Mukul Rohatgi.
“We think you must have taken appropriate steps. What is the situation now? How much have you collected so far?” the bench asked AG during the hearing.
AG replied to the question saying the situation was much better now and more than Rs six lakh crores have been deposited in banks since the ban imposed.
“More than Rs 6 lakh crores have been deposited so far.There is a big surge in digital use of money transaction,” AG Rohatgi added.
He also said the move was to remove the 70 years of “slush money” and the government is closely monitoring the proceedings on a day-by-day basis. AG apprised the bench that the government has set up a committee which will monitor the ground situation across the country.
Rohatgi told the bench that petitions filed against demonetisation in different high courts across the country should be transferred to the top court or one of the high courts.
The apex court has fixed the matter for 2 December and has asked the petitioners before different high courts to file their response on Centre’s transfer plea by then.