The Supreme Court of India has sought explanation from the Centre and the Reserve Bank of India(RBI) on why people were not allowed to exchange their scrapped notes after December 31st despite setting the deadline of March 31st.
Notices were issued to the Centre, RBI by a bench of Chief Justice J S Khehar, Justice D Y Chandrachud and Justice Sanjay Kishan Kaul asking them to respond on March 10 when the matter will be heard in the court, reported The Times of India.
This came after multiple petitions were filed accusing the prime minister of breach of promise who had assured scrapped notes will be accepted in RBI branches till March 31st.
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Many were left with scrapped notes after it was announced that only NRIs will be allowed to exchange their notes and those who were absent during the period post demonetisation.
According to a Hindustan Times report, one of the petitioners contended that she could not deposit the old notes because of her premature delivery on November 4.
She cited the reason of a caesarean operation and waited for her health condition to improve and termed the last government notification a breach of assurance given by the PM and the RBI.
Earlier in January, many PIOs(People of Indian Origins)who were turned away protested that they don’t have crores of rupees but only few thousands which the administration should exchange. Frustrated at the “high-handedness of RBI” and the “government policy”, there were reports of NRIs throwing defunct Indian currency at the gate of RBI as a mark of protest.
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(With inputs from PTI)
