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SC refuses to think about particular person circumstances for accepting demonetised foreign money notes

2 min read

By PTI

NEW DELHI: The Supreme Court on Tuesday refused to think about particular person circumstances searching for acceptance of demonetised foreign money notes of Rs 1,000 and Rs 500 denominations.

A bench comprising BR Gavai and Vikram Nath, nevertheless, allowed the person petitioners to method the federal government with a illustration.

The high courtroom directed the federal government to determine the illustration and take into account the person grievances, if made, inside a interval of 12 weeks.

“After the judgement of the constitution bench, we do not find it will be permissible for us to exercise our jurisdiction under Article 142 of the Constitution in individual cases to accept demonetised currency notes,” the bench stated.

It additionally clarified that within the occasion any of the petitioners should not glad with the motion by the Union of India, they’d be at liberty to method the excessive courtroom involved.

In a majority verdict, the highest courtroom had upheld the federal government’s 2016 resolution to demonetise the foreign money notes of Rs 1,000 and Rs 500 denominations.

A five-judge Constitution bench had stated the Centre’s decision-making course of couldn’t have been flawed as there was session between the Reserve Bank of India (RBI) and the Union authorities.

The courtroom had stated the notification dated November 8, 2016, which introduced the choice to scrap the high-value foreign money notes, can’t be stated to be unreasonable and struck down on the bottom of the decision-making course of.

NEW DELHI: The Supreme Court on Tuesday refused to think about particular person circumstances searching for acceptance of demonetised foreign money notes of Rs 1,000 and Rs 500 denominations.

A bench comprising BR Gavai and Vikram Nath, nevertheless, allowed the person petitioners to method the federal government with a illustration.

The high courtroom directed the federal government to determine the illustration and take into account the person grievances, if made, inside a interval of 12 weeks.googletag.cmd.push(perform() googletag.show(‘div-gpt-ad-8052921-2’); );

“After the judgement of the constitution bench, we do not find it will be permissible for us to exercise our jurisdiction under Article 142 of the Constitution in individual cases to accept demonetised currency notes,” the bench stated.

It additionally clarified that within the occasion any of the petitioners should not glad with the motion by the Union of India, they’d be at liberty to method the excessive courtroom involved.

In a majority verdict, the highest courtroom had upheld the federal government’s 2016 resolution to demonetise the foreign money notes of Rs 1,000 and Rs 500 denominations.

A five-judge Constitution bench had stated the Centre’s decision-making course of couldn’t have been flawed as there was session between the Reserve Bank of India (RBI) and the Union authorities.

The courtroom had stated the notification dated November 8, 2016, which introduced the choice to scrap the high-value foreign money notes, can’t be stated to be unreasonable and struck down on the bottom of the decision-making course of.