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Still possess old demonetised notes? SC might come to your rescue!
Do you still possess old demonetised notes of Rs 500 or 1000 denomination, by any chance? In that case, the Supreme Court could bring you a sigh of relief.

On Tuesday, the Supreme Court asked the Centre to give people another chance to deposit their old notes if they had genuine reasons due to which they could not deposit their old notes in the time frame that was earlier prescribed by the government.

The apex court has given the Centre two weeks time to respond.

The Court has reprimanded the Centre and said that it cannot set up a deadline for depositing demonetised currency.

In its response, the Central government has said that it will file an affidavit in the case.

As per reports, the Supreme Court was hearing bench petitions including a petition filed by advocate Sudha Mishra. The applicants have sought directions from the apex court to the Centre to allow people to deposit old currency notes of Rs 500 and 1,000.

The case was being heard by Chief Justice JS Khehar and Justice DY Chandrachud. Additional Solicitor General Ranjit Kumar was representing the Centre in the case.

The notes of Rs 500 and Rs 1,000 were declared invalid by the Central government last year on November 8, while giving time to people to deposit their old notes with the banks in exchange of new ones till December 30, 2016.

The Central government had last year taken the decision to demonetise old notes of higher denomination in order to curb black money. While the move was appreciated by many throughout the country, the government has yet not made it clear how efficient has the move been in curbing black money.

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