Supreme Court upholds the decision of the Central government taken in 2016 to demonetise the currency notes of Rs 500 and Rs 1000 denominations

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Supreme Court upholds the decision of the Central government taken in 2016 to demonetise the currency notes of Rs 500 and Rs 1000 denomination

A five-judge Constitution bench dismisses a batch of petitions challenging the Centre’s 2016 decision to demonetise Rs. 500 and Rs. 1000 currency notes and says the decision, being Executive’s economic policy, cannot be revers

Supreme Court says there was consultation between the Centre and the RBI before demonetisation. There was a reasonable nexus to bring such a measure, and we hold that demonetisation was not hit by doctrine of proportionality, says Supreme Court.

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