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Verdict on Demonetization Case
January 4 , 2023
577 days
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- The Supreme Court of India has upheld the 2016 decision of the government to demonetize currency notes of INR 500 and INR 1,000 denominations.
- On November 8, 2016, the Indian Prime Minister announced the demonetization of INR 500 and INR 1,000 banknotes.
- The decision to demonetize the high-value currency notes was challenged in the Supreme Court.
- The Supreme Court constituted a Constitution Bench in September 2022 to consider the validity of the demonetization decision.
- Now this decision, was taken by a 4:1 majority of the Constitution Bench.
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