This Article is From Jan 02, 2023

Supreme Court Upholds Centre's Decision On Demonetisation: Full Judgment

The Supreme Court's 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.

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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