The NIA had seized 28 cartons of scrapped notes in New Delhi on November 6 . The agency had recently filed a charge sheet in the J&K terror funding case but did not charge the suspects. The special NIA court ordered the release on bail of the nine suspects, who have been in jail for the past three months. The court, it said, may therefore likely to take a decision to press charges under Specified Bank Notes (Cessation of Liabilities) Act, 2017. Section 5 of the Act bars any person from knowingly or voluntarily, holding, transferring or receiving any specified bank note after the expiry of grace period.

Source: The Hindu February 01, 2018 16:52 UTC