The Supreme Court said the decision does not suffer from any legal flaw.
New Delhi:
The Supreme Court on Monday upheld the Centre’s 2016 note ban move, saying the decision-making process was not flawed merely because the procedure emanated from the government. The 4:1 majority verdict came more than six years after the Centre’s decision to demonetise the Rs 1,000 and Rs 500 denomination notes.
Ruling that the decision to scrap the high-value currency notes does not suffer from any legal or constitutional flaw, the court said there was consultation between the Reserve Bank of India (RBI) and the Union government for a period of six months.
Here’s the full judgment of the Supreme Court:
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