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SC ruling on demonetised note exchange window in July

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New Delhi: The Supreme Court on Tuesday said, in July it would decide whether the government should be asked to open a window for those who could not deposit the scrapped notes in time due to justified reasons or because of Prime Minister Narendra Modi’s promise in his speech for a window beyond December 30.

The Centre, through attorney general Mukul Rohatgi, struck a defiant chord and said there was no obligation under the ordinance to give further chance to citizens to deposit scrapped currency notes.

Rohatgi said the ordinance has no provision for providing further opportunity to deposit scrapped currency notes.

The Centre’s affidavit had referred to an individual’s case in which the petitioner had sought permission to deposit Rs 66.80 lakh in scrapped notes and said the petitioner failed to deposit the money as his bank account was not KYC-compliant.

“If there has to be a window (extension for depositing demonetised notes) then all of you (petitioners and others) have to be considered,” a bench comprising Chief Justice J S Khehar and Justices D Y Chandrachud and S K Kaul said.

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