SC refuses to stay Centre’s notification demonetising Rs 500, Rs 1,000 currency notes

By
Daily Excelsior
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The Supreme Court of India in New Delhi on Sept 1, 2014. The government Monday told the Supreme Court that they stood by its verdict holding allocation of coal blocks since 1993 as illegal, and was ready to auction these blocks if they are cancelled but sought exceptions for some mines which were operational.. (Photo: IANS)

NEW DELHI : SC refuses to stay Centre’s notification demonetising Rs 500 and Rs 1,000 currency notes.
SC asks Centre to file an affidavit giving details of steps taken to ease inconvenience faced by citizens.
SC agrees with AG’s contention that there will be “some collateral damage in a surgical strike against blackmoney”.
SC, without issuing notice to Govt, posts the matter for further hearing on Nov 25. (agencies)

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