Demonetisation:Banker’s extends ED custody

An official of a private bank was today sent to three-day custody of Enforcement Directorate’s (ED) by a Delhi court, which also remanded another officer to judicial custody for alleged irregularities in conversion of old currency and supply of new notes. Duty magistrate Shilpi Jain extended the ED custody of 32-year-old Vineet Gupta, now suspended […]

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Demonetisation:Don’t see any farmers here, AG to SC

“I don’t see any farmers here,” was how Attorney General Mukul Rohatgi reacted in the Supreme Court when lawyers from the opposite side were assailing the implementation of the demonetisation policy by alleging that the district cooperative banks have been discriminated. “I don’t see any farmers here. This is all bogey,” the Attorney General responded […]

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Demonetisation: SC asks Centre to spell out steps to ease

The Supreme Court today asked the Centre to spell out measures taken to ease the sufferings and inconvenience of people in rural areas, who are mostly dependent on co-operative banks, post-demonetisation. A bench of Chief Justice T S Thakur and Justice D Y Chandrachud, while hearing a batch of pleas challenging various aspects of demonetisation, […]

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Demonetisation: Guj HC seeks response from Centre, RBI

The Gujarat High Court has sought response from the Centre and RBI on a PIL challenging the legality of demonetisation and exclusion of district cooperative bank account holders from exchanging or withdrawing currency notes. A division bench of Chief Justice R Subhash Reddy and Justice V M Pancholi sought the response on a PIL moved […]

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Order tmw on plea agst withdrawal limit for weddings

Delhi High Court today reserved its order for tomorrow on a plea seeking relaxation of the Rs 2.5 lakh withdrawal limit for marriages after demonetisation. The plea, which has also sought that old currency notes of Rs 1,000 and Rs 500 should be accepted for paying court fees, came up for hearing before a bench […]

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Demonetisation: Law enforcing agencies unaffected

Demonetisation will have no impact on investigating agencies which possess a huge cache of old Rs 1,000 and Rs 500 notes, seized over the years as case property, with their officials saying the cash was “government accounted money” and could be deposited in respective bank accounts till December 30. While the Enforcement Directorate (ED) and […]

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PIL filed in Madras HC seeking to declare demonetisation notification

The Madras High Court today posted a PIL, seeking a direction to the Union Government to declare as illegal the notification issued on demonetisation, for further hearing to December 15. When the PIL filed by Suchitra Vijayan, a Barrister-at-Law, came up, the first bench, comprising Chief Justice Sanjay Kishan Kaul and Justice R.Mahadevan, said counsel […]

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Demonetisation: Agencies to ensure no harassment, says court

The implementing agencies should ensure that even the “smallest person” of the country does not face any harassment due to demonetisation move, a Delhi court has observed while taking strong exception to SBI’s refusal to accept old currency notes from a litigant for depositing cost. The court observed that government’s move to demonetise Rs 1,000 […]

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Demonetisation to eradicate black money, to benefit all: Govt to SC

The Modi government today asserted in the Supreme Court that the “bold move” of demonetisation would eradicate black money and slush funds operating since Independence which cast a “parallel economy” hitting the poor and the middle class. The Centre, which filed an affidavit on demonetisation, said the decision on which a total secrecy was maintained, […]

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Demonetisation: Delhi HC declines immediate relief

The Delhi High Court today refused to pass any interim order on a PIL seeking a direction to the Centre to remove the cap on daily withdrawal of money deposited by the public in banks before demonetisation of Rs 500 and Rs 1,000 currency notes. A bench of Chief Justice G Rohini and Justice V […]

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