Ever since the demonetization has been announced, there were many twists and new schemes announced by the Modi government to mainly attack to its best on black money holders and to curb corruption in the economy.

The Modi government have tried some or the other way to make people declare their old notes or may be undisclosed income(black money) and pay taxes accordingly.

However, there are still some section of people who were not able to change their old notes within the deadline time given by the government because of huge crowded lines at banks or the person may be out station during the time of demonetization.

Now, considering this point, Supreme Court asked Modi govt to give genuine cases ‘another chance’ to deposit old notes today i.e on Jul 4th, 2017.

Yes, in a big relief to all those who are bearing the brunt of demonetisation, the Supreme Court had asked the government and the RBI whether a window could be provided to people who couldn’t deposit their old Rs 500 and Rs 1000 notes.

As per reports, the government and the Reserve Bank of India will within two weeks inform the Supreme Court if genuine individuals who could not deposit their money during demonetisation can still be allowed to do so.

A bench comprising Chief Justice J S Khehar and Justice D Y Chandrachud asked Solicitor General Ranjit Kumar, representing the Centre, to take instructions on the issue.

“There can be a situation where a person has lost his/her money for no fault. Suppose a person was in jail during the period… We want to know as to why you chose to bar such persons,” the bench said.

The solicitor general then sought time to seek instructions for granting an opportunity to persons to deposit their money on a case-by-case basis.

Earlier this year, the Centre had informed the Supreme Court that it has taken a ‘conscious decision’ not to extend the period beyond December 30 last year for exchanging the demonetised currency notes. It had said it was not legally bound to come out with a fresh notification to grant grace period or window for depositing scrapped currency notes.

In April this year, the apex court said that it would hear the matter after the summer vacation. A bench comprising Chief Justice JS Khehar and Justices DY Chandrachud and SK Kaul said the matters be fixed for hearing after the summer vacation as counsel for the petitioner had sought time to respond to the recent reply of the Centre on the issue.

The Centre had filed an affidavit in response to petitions by private individuals and a firm seeking a window like those given to NRIs and people who were abroad during the period of demonetization to deposit the scrapped currency notes with the Reserve Bank of India, news agency PTI reported.