"Can't Fold Hands And Sit": Supreme Court Questions Centre On Demonetisation
NDTV
A five-judge bench of Justices was hearing petitions on Tuesday challenging the Centre's decision to demonetize currency notes of Rs 500 and Rs 1,000 in 2016.
The Supreme Court on Tuesday said that it has the power to examine the manner in which the decision for demonetisation was taken adding that the judiciary cannot fold its hands and sit just because it is an economic policy decision.
The court's remarks came when the Reserve Bank of India (RBI) counsel made the submission that judicial review cannot apply to economic policy decisions.
A five-judge bench of Justices Abdul Nazeer, BR Gavai, AS Bopanna, V Ramasubramanian and BV Nagarathna was hearing petitions challenging the Centre's decision to demonetize currency notes of Rs 500 and Rs 1,000 in 2016.
During the hearing, senior Advocate Jaideep Gupta, appearing for the RBI apprised the court about the objective of the demonetisation policy to curb black money and fake currencies.
