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Demonetisation Judgement by SC: Justice BV Nagarathna, who did not agree with the four other justices, said that the process of banning Rs 1,000 and Rs 500 notes could not have been initiated by the Centre.
The Supreme Court backed Prime Minister Narendra Modi's 2016 notes ban today in a landmark 4-1 majority judgment and said it was "not relevant" whether the objective of the overnight ban was achieved. One judge disagreed, calling the move "unlawful".
Demonetisation SC Judgement: The Congress also said it's wrong to say that the SC upheld the note ban order as the verdict does not deal with the outcomes of the currency ban move.
One Supreme Court judge dissented from the overall verdict on demonetisation on Monday, calling the act “unlawful” and “vitiated”.
SC verdict on demonetisation: A 5-judge Constitutional Bench headed by Justice S A Nazeer today said there has to be restraint in matters of such a policy and the court cannot supplant the wisdom of the executive by a judicial review of its decision. However, Justice B V Nagarathna strongly differed from the majority judgment by invoking the RBI Act, saying the scrapping of high-value currency notes should have been done through legislation and not by a notification.