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Supreme Court to hear pleas on demonetisation of Rs 500, Rs 1000 notes
On Tuesday, the Supreme Court is set to hear four Public Interest Litigations (PILs) that have challenged the government's decision to scrap Rs.500 and Rs.1000 currency notes. The petitions will be heard by a bench comprising Chief Justice T S Thakur and Justice D Y Chandrachud.

Out of the four PILs, two have been filed by Delhi-based lawyers Vivek Narayan Sharma and Sangam Lal Pandey while as two other PILs have been filed by individuals, S Muthukumar and Adil Alvi.

The petitions have questioned the government's rationale and the method of implementation of the decision. They have alleged that the government's decision has led to chaos and confusion in the country and has resulted in a situation of panic. The Centre has also filed a caveat regarding the petitions saying that if the bench agrees to hear and pass orders on any such plea, the Centre must be made a party to the case and be heard.

The PILs have sought that either the order declaring the old notes of higher denominations invalid be quashed or Centre be directed that a "reasonable time frame" be provided to the citizens to exchange the old notes.

As per reports, similar PILs have been filed in High Courts of Hyderabad, Gujarat and Mumbai. In High Courts of Madras and Karnataka, similar PILs were filed but have been dismissed.

Earlier also demonetisation schemes of the government had been challenged in courts. In 1996, a 5-judge bench had ordered to uphold the Demonetisation Act 1978 when it was challenged in the court of law.

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