It’s regulation, not deprivation, Centre tells Supreme Court
The Centre said on Wednesday that the scrapping of old `500 and `1,000 currency notes does not violate citizens’ fundamental rights, as alleged, but imposed “reasonable restrictions” to eradicate money and counterfeit currency. Submitting its second affidavit on demonetization before the Supreme Court, the Centre rebutted the challenge on the legal validity of the November 8 notification. It was not an act of deprivation but regulation, it said.
“In the present case, the public is not deprived from using the money or the value for the legal tender possessed by them. They can still use their money by use of cheques, e-transfer, etc. The government, however, in view of the changeover of the fake notes, has for a limited period, imposed certain reasonable restrictions in the form of limited withdrawal of money and or exchange thereof,” the affidavit, to be taken up by Chief Justice of India’s bench on Friday, read.