SC notice to Centre on deadline for depositing old notes

TIL Desk/Business/New Delhi-The Supreme Court on Monday sought a response from the Centre and the Reserve Bank of India on a plea alleging that people were not being allowed to deposit demonetised currency notes till March 31 as promised.

“Issue notice returnable by Friday,” a bench headed by Chief Justice J S Khehar said and asked petitioner Sharad Mishra to serve the copy of its notice to the Centre and the Reserve Bank of India during the course of the day.

The plea referred to the speech of Prime Minister Narendra Modi on November 8, 2016, and the subsequent notification of RBI spelling out that people may deposit demonetised currency notes even after December 31, 2016, at specific RBI branches up to March 31, 2017, after complying with certain procedural requirements.