Last year, many people could not submit their old 500 and 1000 rupees in the last days of demonetization.
Naturally, those who were elderly and weak, those who were outside the country, who were unable, could not exchange their old notes within the prescribed time frame.
The Supreme Court took a severe position on the issue in the case relating to demonetization.
In the Supreme Court, Chief Justice J. S. Kehar and Justice DY Chandrachur have given the central government and Reserve Bank two weeks time to let the Supreme Court know how many more days they can allow so that the public can get more time to submit their old 500 and 1000 rupees.
As a result, the common man, who could not submit the old 500 and 1000 rupees for valid reasons, can again get the opportunity to exchange their money.
Arguments by the Solicitor General were crossed by the bench headed by the Chief Justice of the Supreme Court. The bench strongly criticized the decisions made by the Government & RBI in this whole process.
Due to this, other cases of demonetization which will be coming to the same bench may create serious problem for the Government.
The legal fraternity is shaken by this sudden change in the flow of the case .
If the Supreme Court decides that demonetization is illegal or malafide , then that will be a severe embarrassment for the Modi government.