Supreme Court to hear pleas filed on banned note exchange after summer vacation
The three-judge bench headed by Chief Justice JS Khehar will decide whether there can be a window or not for the exchange of banned notes.
Even though Prime Minister Narendra Modi in his speech on implementation of demonetisation and the currency ban on old rupees five hundred notes and rupees one thousand notes, had said that the notes could be exchanged until Mar 31, 2017, rules for the submission of banned notes were changed several times since Nov 8.
Early March, the Supreme Court sought response from the Centre and the Reserve Bank of India (RBI) regarding allegations that people are not being allowed to deposit demonetised notes despite the March 31, 2017, deadline promised earlier.
According to media reports, nearly a month later, the government strongly defended its stance of not allowing the exchange of notes beyond December 30.
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