The Supreme Courtroom on Monday upheld the Centre’s 2016 observe ban transfer, saying the decision-making course of was not flawed merely as a result of the process emanated from the federal government. The 4:1 majority verdict got here greater than six years after the Centre’s resolution to demonetise the Rs 1,000 and Rs 500 denomination notes.
Ruling that the choice to scrap the high-value foreign money notes doesn’t undergo from any authorized or constitutional flaw, the court docket stated there was session between the Reserve Financial institution of India (RBI) and the Union authorities for a interval of six months.
Here is the total judgment of the Supreme Courtroom:
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