Supreme Court has upheld demonetisation by a 4-1 majority

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SWETA MITRA
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Supreme Court has upheld demonetisation by a 4-1 majority



BY A STAFF REPORTER:
The Supreme Court has upheld demonetisation by a 4-1 majority. While the four judges confirmed the government's decision, Justice B V Nagaratna termed the demonetisation decision as illegal. He said the ordinance should have been brought through law instead of an ordinance. It has two points 1 for and 1 against. The Supreme Court of India said...











1. RBI should start the process instead of the Centre.



2. The decision cannot be called wrong just because the proposal came from the Centre.