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SC adjourns demonetisation matter till Dec 5

ANI  |  New Delhi [India] 

The Supreme on Friday has adjourned the matter till December 5.

The apex has adhered to this decision because of the problems faced by

Chief Justice of T.S. Thakur has asked the to see if something can be done.

"People are suffering, it is a serious problem." he said.

Earlier, the Supreme said it will hear all pleas, including the transfer petition filed by the Centre on the of Rs. 500 and Rs. 1000 currency notes on December 2.

The Centre had submitted an affidavit last week on the move in the Supreme Court, saying it is an attempt to unearth black money stashed over the last seven decades.

Attorney General Mukul Rohatgi said that the Centre had filed a reply in the Supreme in compliance with the top court's earlier order on the issue.

"We have filed the report starting from the initiation of SIT and all other issues which could be the affect of process," Rohtagi told ANI.

The Centre in its affidavit told the apex that is a step to reduce ratio of cash transactions, adding the objective is to unearth illegal parallel economy.

Attorney General Rohatgi had earlier filed a transfer petition before the Supreme seeking a stay on all pending pleas against

The Supreme had on November 18 refused to put a stay on hearings in various High Courts and lower courts related to the of Rs. 500 and Rs. 1000 currency notes.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, December 02 2016. 14:44 IST