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Challenge to Demonetisation: Supreme Court reserves judgment, asks Central government to submit documents in sealed cover

The Supreme Court on Wednesday directed the Centre and the Reserve Bank of India (RBI) to place before it in a sealed cover the relevant records pertaining to the government’s 2016 decision to demonetise currency notes of Rs 1000 and Rs 500 denomination for its perusal.

In the case of Vivek Narayan Sharma v. Union of India and others, which challenges the Central government’s decision to demonetize currency notes worth 500 and 1,000 in 2016, the Supreme Court on Wednesday reversed the verdict

After hearing the counsel’ response arguments, a Constitution Bench comprising Justices S Abdul Nazeer, BR Gavai, AS Bopanna, V Ramasubramanian, and BV Nagarathna reserved judgement in the case.

The Central government was instructed to submit some confidential papers related to the ruling under a sealed cover, and the Court ordered parties to submit their written arguments by Saturday, December 10.

News agency ANI tweeted, “Supreme Court reserves judgement on various petitions challenging 2016’s decision of the Central Government to demonetise the old notes of Rs 500 and Rs 1000. Supreme Court says “judgement reserved”.”

The AG submitted before the bench that he will submit relevant records in a sealed cover. The top court was hearing a batch of 58 petitions challenging the demonetisation exercise announced by the Centre on November 8, 2016.



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