Supreme Court: Demonetization can’t ban people from depositing old notes

Demonetisation

The Reserve Bank of India and the Centre have been given two weeks by the Apex court to decide regarding giving grace time to people with genuine reasons to deposit the old Rs 1000, 500notes. “You can’t take away my money if I was terminally ill”, the Supreme Court bench said to reason its decision.

The bench comprising Chief justice J S khehar and Justice DY Chandrachud asked Solicitor General Ranjit Kumar, who is representing the Centre, to take action on the issue.

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