Explainer: Why the Supreme Court upheld the legality of Modi government’s 2016 demonetisation move

In a 4:1 split, the court held that the decision to withdraw Rs 500 and Rs 1,000 notes did not violate any legal or constitutional provisions.

Umang Poddar

· Jan 03, 2023 · 09:00 am

Dissenting verdict on demonetisation is a ‘welcome slap’ on Centre’s wrist, says Congress

While four Supreme Court judges said that the decision cannot be struck down, Justice BV Nagarathna held the exercise was unlawful.

Scroll Staff

· Jan 02, 2023 · 05:52 pm

Supreme Court asks Centre, RBI to produce records of demonetisation

The court has reserved its verdict on 58 pleas challenging the government’s 2016 decision to ban currencies of Rs 500 and Rs 1,000 denominations.

Scroll Staff

· Dec 07, 2022 · 02:18 pm

Hardships faced by public cannot be seen as fault of demonetisation, Centre tells Supreme Court

The attorney general said that even if the initial objective of the exercise was not achieved, the entire policy cannot be invalidated.

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· Dec 06, 2022 · 11:15 am

Supreme Court adjourns demonetisation hearing to November 24 after Centre fails to file affidavit

The Union government was given four weeks to file its stand, said Justice S Abdul Nazeer.

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· Nov 09, 2022 · 02:52 pm

Supreme Court says it will examine demonetisation exercise, seeks affidavit from Centre, RBI

A five-judge bench said said while it is aware of the ‘lakshman rekha’, it will still have to undertake a review of the decision-making process.

Scroll Staff

· Oct 12, 2022 · 04:18 pm

SC to examine if pleas challenging demonetisation have become an academic exercise

A five-judge bench will hear the matter next on October 12.

Scroll Staff

· Sep 28, 2022 · 11:56 am

Celebrating demonetisation is like cutting a cake on a victim’s grave, says Shiv Sena

The party also called the Centre’s 2016 note ban move a ‘black chapter’ in India’s history.

Scroll Staff

· Nov 10, 2020 · 02:12 pm

Demonetisation helped ‘crony capitalist friends’, claims Gandhi; PM calls it ‘boost to transparency’

The Congress is observing the fourth anniversary of demonetisation as ‘Vishwasghaat Diwas [Betrayal Day]’.

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· Nov 08, 2020 · 06:10 pm

Demonetisation: Sonia Gandhi says Congress will ensure India does not forget ‘Tughlaki blunder’

Former Finance Secretary Subhash Chandra Garg suggested that Rs 2,000 notes can be demonetised as a large chunk of them were not in circulation.

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· Nov 08, 2019 · 11:47 am

RBI reveals no Rs 2,000 note printed this year as NIA says high quality fake currency has resurfaced

The move to print fewer Rs 2,000 notes is seen as an attempt to prevent hoarding of the high-value currency and curb black money.

Scroll Staff

· Oct 15, 2019 · 10:17 am

Demonetisation showed fake currency was a myth, says Bombay High Court

The court asked the Reserve Bank of India why it felt the need to constantly change the sizes and features of currency notes and coins.

Scroll Staff

· Aug 02, 2019 · 09:28 am