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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.
Petitions to be heard on Nov 9 challenge Constitutional validity of rendering 80% of all notes worthless unless exchanged, in PM's sudden announcement
The Supreme Court on Wednesday asked the Centre and the RBI to file comprehensive affidavits on the 2016 demonetisation decision, and also keep the files ready in connection with Centre's letter to the RBI, the decision of the RBI Board, and the demonetisation announcement.
The top court said that it will have to examine the 2016 demonetisation decision to come to a conclusion whether the issue has become a mere 'academic' exercise.
SC wants the central government to