New Delhi: The Madurai bench of the Madras High Court has dismissed a petition filed against the government move to scrap old notes of the denomination of Rs 500 and Rs 1,000 and observed that demonetisation was good for the country.
Meanwhile, Supreme Court will hear another petition in this regard on November 15. The PIL has been filed by a lawyer from Uttar Pradesh who termed the government move “arbitrary” and a “huge inconvenience” to the public.
The petition filed at the Madras High Court had sought a stay on the dramatic decision announced by Prime Minister Narendra Modi on Tuesday night that the government was scrapping with immediate effect the existing currency denominations of Rs 500 and Rs 1,000 to combat black money, corruption and terror-financing.
The petition filed by the political party Indian National League had argued that the move affects basic needs of people. It also asked for more cash counters in public places.
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