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Is Exchanging Demonetised Notes Still A Possibility? Know It All Here!

न्यूज़ वर्ल्ड इंडिया | 0
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| July 4 , 2017 , 15:54 IST

The Supreme Court on Tuesday thrashed the Centre for closing the note exchange window and asked the Centre for a response whether the government can open another window to exchange or deposit demonetised notes.

The Supreme Court has demanded a response from the government within two weeks.

Giving in to the court's harsh words, the Centre seemed inclined to review the cases. The Centre, in the apex court, agreed to review the genuineness of each case where people still have the scrapped notes.

Reviewing the case, the Supreme Court said, 'You cannot trash a person's genuine hard-earned money and let it go waste like this'. The court further added, 'You had promised them a window, now you can't go back on your word to those who had genuine difficulty.'

The apex court said, 'If a person can prove it is their money and he/she had real difficulty in depositing by December 31, they must get a chance to change them.'

The BJP-led Central government demonetised the high-value denomination of Rs 500 and Rs 1000 notes on November 8. The Centre gave time till December 31 for people to exchange their money through any bank across the country or deposit it in their accounts.

Anticipating the Court's move, Solicitor General of India Ranjit Kumar asked the court not to order opening a common window for exchanging notes, instead, the government will consider examining the all the instances where people have old notes one by one.