https://www.taxtmi.com/caselaws?id=336370 Interim substantive relief was declined in the challenge to restrictions affecting District Cooperative Banks, use of demonetized notes, and withdrawal limits, because the Court considered the issues to involve broad public importance and competing concerns of financial policy, audit and orderly implementation. The Court recorded assurances on withdrawal facilities and periodic review, but left any extension of the exemption period for demonetized currency to the Government. To prevent multiplicity of proceedings and conflicting rulings, the Court ordered connected writ petitions in High Courts to be withdrawn for hearing with the matters before it, stayed further High Court proceedings, and restrained other courts from entertaining similar matters, while preserving intervention rights. en-us Fri, 16 Dec 2016 00:00:00 +0530 Wed, 21 Dec 2016 07:42:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336370 Interim substantive relief was declined in the challenge to restrictions affecting District Cooperative Banks, use of demonetized notes, and withdrawal limits, because the Court considered the issues to involve broad public importance and competing concerns of financial policy, audit and orderly implementation. The Court recorded assurances on withdrawal facilities and periodic review, but left any extension of the exemption period for demonetized currency to the Government. To prevent multiplicity of proceedings and conflicting rulings, the Court ordered connected writ petitions in High Courts to be withdrawn for hearing with the matters before it, stayed further High Court proceedings, and restrained other courts from entertaining similar matters, while preserving intervention rights. Case-Laws Indian Laws Fri, 16 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336370