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Supreme Court upholds Centre's demonetisation move

The SC rejected the pleas challenging the Central Government's demonetisation decision, saying, "the decision can't be reversed".

ByIFP Bureau

Updated 2 Jan 2023, 8:29 am

Supreme Court of India (PHOTO: WikimediaCommons)
Supreme Court of India (PHOTO: WikimediaCommons)

In a big win for the Central government, the Supreme Court on Monday upheld the Union government's 2016 decision to demonetise Indian currency notes of Rs 500 and Rs 1000 denominations.

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The top court rejected the pleas challenging the Government's demonetisation decision, saying, "the decision can't be reversed".

The Supreme Court Constitution Bench was upheld by 4:1 majority the November 2016 decision of the Union Government to demonetise the currency notes of Rs. 500 and Rs.1000 denominations, according to LiveLaw.

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supreme courtdemonetisationIndian currency

IFP Bureau

IFP Bureau

IMPHAL, Manipur

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