Big Supreme Court Verdict On Centre's Note Ban Decision Shortly: 10 Facts - NDTV

The absorption alleges that the demonetisation was a nonaccomplishment of the authorities (File)

1. Fifty-eight petitions were filed successful the Supreme Court challenging the notes ban, arguing that it was not a considered determination of the authorities and should beryllium struck down by the court.

2. The authorities has argued that the tribunal cannot determine a substance erstwhile nary tangible alleviation tin beryllium granted. It would beryllium similar "putting the timepiece back" oregon "unscrambling a scrambled egg", the centre said.

3. A five-judge Constitution seat headed by Justice SA Nazeer heard the arguments earlier its wintertime interruption and connected December 7, suspended the verdict. The different members of the seat are Justices BR Gavai, BV Nagarathna, AS Bopanna and V Ramasubramanian. Justice BR Gavai and Justice BV Nagarathna person authored 2 abstracted judgments, it's learnt.

4. The centre said the demonetisation was a "well-considered" determination and portion of a larger strategy to combat the menace of fake money, panic financing, achromatic wealth and taxation evasion.

5. Former Union Minister and elder advocator P Chidambaram argued that the centre has not examined alternate methods to power fake currency oregon achromatic money.

6. The government, helium said, cannot initiate immoderate connection connected ineligible tender connected its own. This, helium said, tin lone beryllium done connected the proposal of the cardinal committee of the Reserve Bank of India (RBI).

7. The centre was besides withholding important documents connected the decision-making process, including its missive to the Reserve Bank dated November 7 and the minutes of the gathering of the bank's cardinal board, Mr Chidambaram argued.

8. When the bank's counsel argued that judicial reappraisal cannot use to economical argumentation decisions, the tribunal said the judiciary cannot fold its hands and beryllium conscionable due to the fact that it is an economical argumentation decision.

9. The RBI admitted that determination were "temporary hardships" which are portion of the nation-building process. The problems were solved by a mechanism, it said successful its submission.

10. The absorption alleges that the demonetisation was a nonaccomplishment of the government, destroying businesses and ending jobs. Congress main Mallikarjun Kharge said, "Six years aft the 'masterstroke' the currency disposable successful nationalist is 72 per cent higher than that successful 2016. PM (Narendra Modi) is yet to admit this epic nonaccomplishment that led to autumn of economy."

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