You are here: Home » News-ANI » International » World
Business Standard

SC to hear all matters pertaining to demonetisation today

ANI  |  New Delhi [India] 

The Supreme will hear all pleas, including the transfer filed by the Centre on the of Rs. 500 and Rs. 1000 currency notes today.

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

Attorney General 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 demonetisation is a step to reduce ratio of transactions, adding the objective is to unearth illegal parallel economy.

"Earlier, we constituted SIT to curb black money, amended Benami Act. The people might have to face some inconveniences. Re-calibration of ATMs is in full swing. Crores of fake currency notes have became useless. Funding of terror groups has been stopped," said the affidavit.

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

The Supreme Court had on November 18 refused to put a stay on hearings in various High Courts and lower courts related to the demonetisation 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. 09:32 IST