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The apex court has adhered to this decision because of the problems faced by cooperative banks.
"People are suffering, it is a serious problem." he said.
The Centre had submitted an affidavit last week on the demonetisation 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 Court 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 demonetisation process," Rohtagi told ANI.
Attorney General Rohatgi had earlier filed a transfer petition before the Supreme Court seeking a stay on all pending pleas against demonetisation.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)