New Delhi, Dec 2: The Supreme Court today asked the Supreme Court if something could be done on the problems faced by cooperative banks in the aftermath of demonetisation.
The Bench headed by the Chief Justice of India observed that the problems being faced by the cooperative banks appears to be genuine and needs to be considered as the people are suffering.
The Attorney General however argued that the cooperative banks were left out because they lacked the expertise to detect fake notes.
The Bench while adjourning the matter to December 5 (Monday) said it would hear issues that need scrutiny in the aftermath of demonetisation. The SC directed that the 72 petitions on demonetisation to be categorised as based on their prayer so that it would be easy to hear.
During the course of arguments senior advocates, Kapil Sibal and Chidambaram questioned the government's logic not keep cooperative banks in the loop. This is creating havoc in the rural economy, they also submitted. The Bench observed if the people in the rural areas are facing a problem, then the government must do something about it.