Why withdrawal limit of Rs. 24k not complied with, SC to Centre

As the nation struggles to cope up with demonetisation, Chief Justice of India Tirat Singh Thakur on Friday asked the Centre as to why the order for giving Rs 24,000 per week to a person is not being complied with.

Responding to it, Attorney General Mukul Rohatgi countered by asking for information on the number of people who have come to the court complaining there being a limit on withdrawals.

When asked about the benefits and objectives of demonetisation, Rohatgi claimed that the move has been implemented with the objective of curbing black money and fighting corruption.

Opposing counsel P. Chidambaram maintained that the government will take a minimum of five months to print the adequate number of notes in order to restore normalcy in bank to public transactions.

Pointing towards the difference between the ban on old notes worth Rs 12 lakh crore and the injecting of new notes worth Rs 3 lakh crore only, Chidambaram said there is a serious rationing on withdrawal limits.

The three-judge bench, hearing the matter is to resume hearing of the case on December 14.

The Supreme Court has been hearing a batch of petitions and public interest litigations (PILs) challenging demonetisation, which have been filed by different individuals, non-governmental organisations (NGOs) and others.