Big win for Centre, Supreme Court upholds 2016 demonetisation

A five-judge constitution bench pronounced the judgment on a clutch of petitions challenging the Centre's 2016 decision to demonetise currency notes of Rs 1,000 and Rs 500 denominations.

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The Supreme Court on Monday affirmed the Central government's 2016 decision to demonetise currency notes of Rs 1,000 and Rs 500 denominations.

A five-judge constitution bench headed by Justice S.A. Nazeer and comprising Justices B.R. Gavai, A.S. Bopanna, V. Ramasubramanian, and B.V. Nagarathna pronounced the judgment on a clutch of petitions challenging the Centre's 2016 decision to demonetise currency notes of Rs 1,000 and Rs 500 denominations.