Supreme Court upholds Union Government's 2016 demonetisation decision

Jan 02, 2023

New Delhi, January 02 (ANI): A 5-judge bench of Supreme Court dismissed petitions challenging Center’s decision to demonetise currency. Demonatisation decision was taken by the Central Government in 2016. Supreme Court upheld demonetisation in 4:1 verdict. Demonetisation cannot be struck on grounds of 'Proportionality': SC. Modi-Govt in 2016 took decision to demonetisecurrency notes of Rs 500 and 1000. A Five-Judge Constitutional heard the petitions filed against center's decision. Constitutional bench said that the decision being executive's economy policy, cannot be reserved.