The Supreme Court on Wednesday said that it will hear on October 12 the batch of pleas challenging the Centre’s decision to demonetize currency notes of Rs 500 and 1,000 on November 08, 2016, and consider it whether the issue of demonetisation is academic or not.
The top court bench said that it will examine whether the issue is academic or not and the matter requires consideration or not on the next date of hearing, October 12, Wednesday.
When the Apex court began hearing the matter then the bench headed by Justice Abdul Nazeer sought to know whether the matter survives or not at this stage. Other judges on the bench, hearing the batch of petitions are Justices BR Gavai, AS Bopanna, V Ramasubramanian and BV Nagarathna.
One lawyer apprised the court that one issue relating to validity survived as RBI and Prime Minister has promised that those who are unable to deposit by December 31 2016, would be given opportunity till March, 2017 to deposit the money but on the last minute an ordinance was brought to not allow deposit.
Another counsel said that there are two aspects of the matter one is on validity and the second is implementation of the same.
Solicitor General (SG) Tushar Mehta, senior law officer representing the Central government, said that if the court likes to examine it academically then it can otherwise it does not survive.
Justice BR Gavai said that there is such a large amount of pendency and questioned whether there is time for examining academic issues.
Various petitions were filed arising from the decision of the Government of India to demonetize the old notes of Rs.500/- and Rs.1000.
One of the petitions was filed by lawyer, Vivek Narayan Sharma. The petition has challenged the notification of November 08, 2016.
