New Delhi, Dec 23, 2022: The Supreme Court on January 2, 2023 is scheduled to pronounce its judgment pertaining to the legality of the demonetisation policy.
A Constitution Bench consisting of Justices S. Abdul Nazeer, B.R. Gavai, A.S. Bopanna, V. Ramasubramanian and B.V. Nagarathna heard over 50 petitions challenging the demonetisation exercise of the government undertaken in November 2016.
Justice Gavai, it is listed, would be passing the judgment for the five-member Bench on the re-opening day after the ongoing winter recess of the court is over.
Additionally, the Bench had directed the Union government and the Reserve Bank of India (RBI) to place on record the “relevant records” of the demonetisation policy.
Attorney General R. Venkataramani had further said that the documents would be handed over to the court in a sealed cover.
The court had said it would not fold its hands and sit without judicially reviewing the way in which ₹500 and ₹1,000 currency notes were withdrawn from legal tender in November 2016.
“Just because it is an economic policy, the court cannot fold its hands and sit… The court will go into the manner in which the decision was taken,” Justice Nagarathna had addressed the government and the RBI.Supreme Court,
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