Five-judge Constitution Bench to decide if demonetisation is legally valid


Five-judge Constitution Bench will decide whether the demonetisation move announced by Prime Minister Narendra Modi on 8 November was legally valid.

On Friday, the Supreme Court, in its interim order on demonetisation, had refused to interfere with the BJP-led government’s decision ban old Rs 500 and Rs 1,000 notes saying that ‘these are matters of fiscal policies.’

The court had also restrained all high courts from entertaining various PILs by staying proceedings there and directing them to transfer them to itself.

However on whether Rs 500 notes can be used at certain places for some more time the apex court had said that it may pass some orders on Friday on a plea seeking that demonetised Rs 500 currency notes be allowed to be used for some more time at places like hospitals and petrol pumps.

“We will see whether we can pass some orders today,” a bench comprising Chief Justice T S Thakur and Justice D Y Chandrachud said when senior advocate Kapil Sibal sought an interim order on the issue.