New Delhi:
The Supreme Court today upheld the demonetization of Rs 1,000 and Rs 500 notes. In a separate verdict, Justice BV Nagarathana differed from Justice BR Gavai’s order as the court backed the Centre’s 2016 exercise.
Here are the top 5 Supreme Court quotes:
No restrictive meaning can be given to the word “any” mentioned in section 26 of the RBI Act (this refers to the petitioners who argue that not all series of a denomination can be demonetised, as section 26 of the RBI Act ” any” and not “all”).
The decision-making process cannot be faulted just because the proposal comes from the Centre.
We considered that there was a reasonable relationship with the intended objectives.
Demonetization exercise cannot be stopped on the grounds of proportionality.
The period of 52 days for the exchange of notes cannot be called unreasonable.
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