Penalty was to be imposed on petitioner for transferring of demonetized currency: HC

PML Act: Where Specified Bank Notes (Cessation of Liabilities) Act, 2017 only provides for penalty for possession/transferring of demonetized currency after appointed date, since petitioners were in custody for a period of more than one year four months for illegally converting demonetized currency into monetized currency and despite directions of Supreme Court that day-to-day trial should continue, till date arguments on charge had not begun, bail was to be granted to petitioners

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