SC to hear plea seeking cash withdrawal from cooperative society in Tamil Nadu
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New Delhi: The Supreme Court on Thursday agreed to hear a plea against a cooperative agricultural society, seeking enforcement of the Centre’s notification allowing for withdrawal of money under the demonetisation scheme.
The plea was brought by N.K. Kumar, an agriculturalist who holds a savings account at Gingee Primary Agricultural Co-operative Society Ltd in Tamil Nadu and is not being allowed to withdraw money for his business transactions from the agricultural registered society.
A bench headed by chief justice T.S. Thakur, before whom the matter was brought, said that the matter will be heard the next day.
The petitioner submitted that he had approached the registered society for withdrawing money but had been refused. This was causing him and other agriculturalists in the area immense hardship as their agricultural operation had come to a halt.
Kumar submitted that this should not be seen as a challenge to the demonetisation scheme being implemented by the government and that the petitioner is simply seeking to be able to withdraw his money from the agricultural co-operative society.
Over 19,000 agriculturalists are members of the registered society and depend on it for their day-to-day payments and withdrawals, due to the lack of any other banking facilities in the rural area of Villupuram, Tamil Nadu.
Prime Minister Narendra Modi in a surprise move on the evening of 8 November withdrew Rs500 and Rs1,000 currency notes. Provisions for withdrawal of money from banks/ATMs in a limited capacity have, however, been put in place for the time being.
The case will be heard on 25 November.