Madras HC dismisses plea seeking stay on demonetisation
Stating that "demonetisation is good for the country", Madras High Court has dismissed a petition seeking a stay on the scrapping of old ₹500 and ₹1,000 currency notes. The PIL wanted the notes to be declared valid till December 31. The petitioner maintained that this sudden scrapping of high-denomination notes would cause immense hardship to uneducated people without bank accounts.