Supreme Court verdict on demonetisation to be declared on January 2
NEW DELHI: The Supreme Court is scheduled to pronounce its judgment on January 2 on a batch of pleas difficult the federal government’s 2016 determination to demonetise forex notes of `1,000 and `500 denominations.
A five-judge Constitution bench headed by Justice SA Nazeer, who will retire on January 4, is more likely to pronounce its verdict on the matter on the mentioned date.
The prime court docket had, on December 7, directed the Centre and the Reserve Bank of India (RBI) to placed on report the related information referring to the federal government’s 2016 determination and reserved its verdict.
The bench, additionally comprising justices B R Gavai, A S Bopanna, V Ramasubramanian and B V Nagarathna, had heard the submissions of Attorney General R Venkataramani, the RBI’s counsel and the petitioners’ legal professionals, together with senior advocates P Chidambaram and Shyam Divan.
Calling the scrapping of the `500 and `1,000 forex notes deeply flawed, Chidambaram had argued that the federal government can not by itself provoke any proposal referring to authorized tender, which may solely be accomplished on the advice of the RBI’s central board.
NEW DELHI: The Supreme Court is scheduled to pronounce its judgment on January 2 on a batch of pleas difficult the federal government’s 2016 determination to demonetise forex notes of `1,000 and `500 denominations.
A five-judge Constitution bench headed by Justice SA Nazeer, who will retire on January 4, is more likely to pronounce its verdict on the matter on the mentioned date.
The prime court docket had, on December 7, directed the Centre and the Reserve Bank of India (RBI) to placed on report the related information referring to the federal government’s 2016 determination and reserved its verdict.
The bench, additionally comprising justices B R Gavai, A S Bopanna, V Ramasubramanian and B V Nagarathna, had heard the submissions of Attorney General R Venkataramani, the RBI’s counsel and the petitioners’ legal professionals, together with senior advocates P Chidambaram and Shyam Divan.
Calling the scrapping of the `500 and `1,000 forex notes deeply flawed, Chidambaram had argued that the federal government can not by itself provoke any proposal referring to authorized tender, which may solely be accomplished on the advice of the RBI’s central board.
