Circle Institute, New Delhi : In the year 2016, on the petition challenging the decision of demonetisation taken by the central government, the Supreme Court kept Rakhun on Wednesday. Instructions were given to the Center and the Reserve Bank to submit the documents related to the decision at that time.
The central government took the decision on November 8, 2016, to stop the circulation of Rs 1,000 and Rs 500 notes. Or 58 petitioners challenging the decision. s. a. The trial is underway in front of a five-member bench headed by Nazeer. Attorney General R.K. Venkataramani, the counsel for the Reserve Bank and the counsel for the petitioners took up the argument and took it out. The Supreme Court has directed the parties to submit written submissions by 10th December. Justice at the scene. Justice with Nazir. B. R. Gavai, Justice. a. s. Bopanna, Justice. V. Ramasubramanian and Ny. B. V. Nagaratna is included. ‘Yamarveri rationalism unity ala. I have kept the rakhon out. The Central Government and Reserve Bank of India’s lawyers have been directed to submit relevant documents’, said the bench. On that, ‘I will present the relevant documents in a sealed packet before the court,’ Attorney General Venkataramani told the incident.
There is limited scope for judicial review in matters of economic policy, which means that the court does not sit quietly by watching the clock. The manner in which the government has taken the decision can be reviewed, the Supreme Court would have said on Tuesday.
Seemawadache Padsad Sansadet; MP Aggressor, Chairman Om Birla or Legislator
What is rationalism?
‘The decision to withdraw Rs 1,000 and Rs 500 notes from circulation is very wrong. The Central Government cannot automatically approve any resolution related to legal tenders. Such a resolution can be approved only on the recommendation of the Central Board of the Reserve Bank,’ argued the petitioner’s counsel P. Chidambaram in the court. When it is not possible to give any solid consolation by turning the clock, then the court cannot decide on a case, the central government would have said this.
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Ritika
