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  • Supreme Court seeks centre’s response on whether co-op banks can accept old notes

    Published on December 9, 2016

    The Supreme Court today sought the Centre’s response on issues like whether district cooperative banks could be allowed to accept deposits in demonetised notes and why banks are unable to allow assured weekly withdrawals of Rs 24,000 to customers.

    The bench headed by Chief Justice T S Thakur said though demonetisation has been carried with long term beneficial aims, the apex court’s immediate concern is to ease the inconvenience of the people.

    The bench also sought to know the government’s stand on the demand for extending the order for hospitals to accept the fees in demonetised notes.

    The court asked Attorney General Mukul Rohatgi to apprise it the Centre’s response on Wednesday, the14th of this month. The bench said it would take a decision on Wednesday on the plea of the Centre that proceedings in various high courts on petitions relating to demonetisation be stayed and transferred either to the apex court or one of the High Courts for adjudication.

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