Central government’s decision on demonetisation is correct, Supreme Court approves
SC upholds govt’s decision of 2016 to demonetise currency notes of Rs 500 & Rs 1000 denominations
5-judge Constitution bench of SC rejects challenge by 58 petitions to Centre’s 2016 decision to demonetise Rs 500 and Rs 1000 currency notes
Supreme Court upholds the 2016 decision of the Centre to demonetise currency notes of Rs 500 and Rs 1000 denominations
Justice B R Gavai says Centre’s decision-making process cannot be flawed as there was consultation between RBI and govt
The Supreme Court said that there was a consultation between the Center and the RBI before demonetisation. The Supreme Court has accepted that there was no deficiency in the process adopted while taking the decision of demonetisation. Therefore, there is no need to cancel that notification.