The Central Government on 07th April informed the Supreme Court vide a 27-page affidavit that there is no need to open the window allowing all categories of people to deposit old demonetised notes of Rs 500 and Rs 1000 after December 31, 2016 under some special circumstances as no justifiable reason exists either in law or on facts to invoke its power under section 4 (1) (ii) of the Ordinance to entitle any person to tender within the grace period the specific bank notes.
Earlier, Supreme Court had asked Attorney General for India Mukul Rohatgi to file an affidavit explaining if the government intends to open the window to deposit demonitised currency for all and If not then explain the reasons.Online GST Certification Course by TaxGuru & MSME- Click here to Join
Supreme court was hearing a group of Public Interest Litigation filed against RBI and other banks for not accepting old demonetised notes after December 2016. The Court will take up the government affidavit on April 11 during further hearing on the matter.
Download 27 Page affidavit