The Supreme Court on Tuesday will hear several petitions challenging the government’s decision to scrap Rs.500 and Rs.1000 currency notes. Four Public Interest Litigations (PILs) have been filed against the bold step taken by the Modi government, which has caused massive upheavals across the nation.
A bench comprising Chief Justice T S Thakur and Justice D Y Chandrachud has been appointed, for hearing as many as four pleas against the November 8 decison of the centre, that these notes are no longer a legal tender.
The PILs were filed in the apex court questioning the government’s rationale and modus operandi behind the implementation of the drive, as it has created panic and inconvinience among general public.
The plea has sought either terminating the notification or a direction to the Centre for grant of “reasonable time frame” to citizens to exchange the demonetised currency notes to avoid difficulties being faced by the people.
According to sources, the Prime Minister who was chairing the BJP Parliamentary Party executive meeting, told attendees to not buckle under the opposition?s pressure and go ahead with the Centre’s policy. Stating that the opposition was hard at work to sabotage the process of demonetization, the Prime Minister assured that the nation has welcomed the step.