Supreme Court passes the buck on demonetisation to its constitution bench

Says no high court will hear any petition against demonetisation. But says Centre to decide on extending use or depositing of old Rs 500 and Rs 1000 denomination after December 30.

Supreme Court passes the buck on demonetisation to its constitution bench

Amid demonetisation choas in the country, Supreme Court in its interim order has now announced that no high court will be hearing any petitions against demonetisation, bringing a huge relief to government.

The Supreme Court bench has transferred demonetisation matter to a 5-judge constitution bench and all matters pertaining to various high courts have been stayed.




Furthermore, apex court has left it to the Centre to decide on extension of the order on depositing old Rs 500 and Rs 1000 denomination after December 30. The court said the government should try its best to honour commitment on weekly withdrawal of Rs 24000 per person.



Adding to it, Supreme Court has denied any benefits to District Cooperative Banks.



Supreme Court has decided that a 5-judge bench will decide on legal validity of note ban. Supreme Court contended that ‘these are matters of fiscal policies' and government is the best judge.