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No penalty for not depositing old notes'

Attorney-general K.K. Venugopal gave this assurance before a three-judge bench.

New Delhi: The Central government on Friday informed the Supreme Court that no penal action would be taken against all those who had approached the top court seeking extension of time limit for depositing old Rs 500 and Rs 1,000 notes post demonetisation.

Attorney-general K.K. Venugopal gave this assurance before a three-judge bench of Chief justice Dipak Misra and Justices A.M. Kanwilkar and D.Y. Chandrachud during the course of hearing of a fresh writ petition seeking time for depositing the old notes.

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