{"id":45877,"date":"2016-11-23T07:22:33","date_gmt":"2016-11-23T01:52:33","guid":{"rendered":"https:\/\/www.legalindia.com\/news\/?p=45877"},"modified":"2016-11-23T07:22:33","modified_gmt":"2016-11-23T01:52:33","slug":"sc-refuses-stay-demonetisation-proceedings-various-hcs","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/news\/sc-refuses-stay-demonetisation-proceedings-various-hcs","title":{"rendered":"SC refuses to stay demonetisation proceedings in various HCs"},"content":{"rendered":"<figure id=\"attachment_44262\" aria-describedby=\"caption-attachment-44262\" style=\"width: 276px\" class=\"wp-caption alignright\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"44262\" data-permalink=\"https:\/\/www.legalindia.com\/news\/centre-files-caveat-sc-issue-delhis-ut-status\/supreme-court-1\" data-orig-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/08\/supreme-court-1.jpg?fit=276%2C183&amp;ssl=1\" data-orig-size=\"276,183\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"supreme court 1\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/08\/supreme-court-1.jpg?fit=276%2C183&amp;ssl=1\" class=\"wp-image-44262 size-full\" src=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/08\/supreme-court-1.jpg?resize=276%2C183&#038;ssl=1\" alt=\"SC refuses to stay demonetisation proceedings in various HCs\" width=\"276\" height=\"183\" srcset=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/08\/supreme-court-1.jpg?w=276&amp;ssl=1 276w, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/08\/supreme-court-1.jpg?resize=150%2C100&amp;ssl=1 150w\" sizes=\"auto, (max-width: 276px) 100vw, 276px\" \/><figcaption id=\"caption-attachment-44262\" class=\"wp-caption-text\">SC refuses to stay demonetisation proceedings in various HCs<\/figcaption><\/figure>\n<p>The Supreme Court today sought response of all the petitioners, who have challenged the demonetisation move in different high courts, on a plea by the Centre seeking transfer of all these matters to either the apex court or one of the high courts.<\/p>\n<p>However, a three-judge bench headed by Chief Justice T S Thakur refused the Centre&#8217;s request to stay the proceedings pending before various high courts, saying people may get &#8220;immediate relief&#8221; from them.<\/p>\n<p>&#8220;We don&#8217;t want to stay it. There are various issues.<\/p>\n<p>People may get immediate relief from the high courts,&#8221; the bench also comprising Justices D Y Chandrachud and L Nageswara Rao told Attorney General Mukul Rohatgi.<\/p>\n<p>During the hearing, the bench asked the AG, &#8220;We think you must have taken appropriate steps. What is the situation now? How much have you collected so far?&#8221;<\/p>\n<p>Responding to it, the AG said the situation is &#8220;much better&#8221; and more than Rs six lakh crores have been deposited so far in the banks since the demonetisation move.<\/p>\n<p>&#8220;More than Rs 6 lakh crores have been deposited so far,&#8221; the AG said, adding, &#8220;There is a big surge in digital use of money transaction.&#8221;<\/p>\n<p>He said the demonetisation move was aimed at removing the 70 years of &#8220;slush money&#8221; and the government is monitoring the situation day-by-day and hour-by-hour.<\/p>\n<p>He told the bench that government has set up a committee which will take stock of the ground situation across the country on demonetisation move.<\/p>\n<p>Rohatgi told the apex court that general rule is that the cash transactions in the market should not be more than four per cent of the GDP but it is 12 per cent in India.<\/p>\n<p>Rohatgi told the bench that various petitions have been filed challenging the demonetisation move before different high courts across the country and these matters should be transferred to the apex court or one of the high courts.<\/p>\n<p>The bench has fixed the matter for December 2 and has directed the persons who are petitioners before different high courts to file their response on Centre&#8217;s transfer plea by then.<\/p>\n<p>( Source &#8211; PTI )<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Supreme Court today sought response of all the petitioners, who have challenged the demonetisation move in different high courts, on a plea by the Centre seeking transfer of all these matters to either the apex court or one of the high courts. However, a three-judge bench headed by Chief Justice T S Thakur refused [&hellip;]<\/p>\n","protected":false},"author":38299,"featured_media":44262,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1954],"tags":[146,38027,31987,113,117,80,47726],"class_list":["post-45877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-high-profile-cases","tag-court","tag-demonetisation","tag-featured","tag-high-court","tag-law","tag-legal-news","tag-supreme-court"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SC refuses to stay demonetisation proceedings in various HCs - Legal News India - Supreme Court &amp; High Court Updates<\/title>\n<meta name=\"description\" content=\"The Supreme Court today sought response of all the petitioners, who have challenged the demonetisation move in different high courts, on a plea by the - Get the latest legal news from the Supreme Court, High Courts, and government. 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A bench of Chief Justice T S Thakur and Justice D Y Chandrachud listed the matter after Attorney General Mukul\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"Demonetisation: SC to hear transfer plea on Nov 23","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/08\/Law-300x200.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":46281,"url":"https:\/\/www.legalindia.com\/news\/delhi-hc-adjourns-sine-die-pleas-demonetisation","url_meta":{"origin":45877,"position":2},"title":"Delhi HC adjourns sine die pleas against demonetisation","author":"Legal India News","date":"December 22, 2016","format":false,"excerpt":"Delhi High Court today adjourned indefinitely the hearing on pleas challenging the Narendra Modi government's demonetisation move after it was informed that the Supreme Court has stayed all proceedings pending before different courts on related issues. \"The Supreme Court is seized of the issue and has also stayed the proceedings\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/11\/line-for-notes.jpg?fit=660%2C387&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/11\/line-for-notes.jpg?fit=660%2C387&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/11\/line-for-notes.jpg?fit=660%2C387&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":45879,"url":"https:\/\/www.legalindia.com\/news\/demonetisation-delhi-hc-declines-immediate-relief","url_meta":{"origin":45877,"position":3},"title":"Demonetisation: Delhi HC declines immediate relief","author":"Legal India News","date":"November 23, 2016","format":false,"excerpt":"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. 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