Referring to Supreme Court's January verdict upholding #DemonetisationDecision, Gujarat High Court's Justice Biren Vaishnav said:
"I don’t know if the question whether #Demonetisation achieved its objectives, is still answered (or whether they) have been achieved."
"I don’t know if the question whether #Demonetisation achieved its objectives, is still answered (or whether they) have been achieved."
Justice Vaishnav was speaking at the inaugural session of the 2-day GNLU International Conference on Economic Analysis of Law, Governance and Public Policy, organised by the GNLU Centre for Law and Economics.
(Courtesy: The Indian Express Report)
(Courtesy: The Indian Express Report)
On Jan 2, the #SupremeCourt's Constitution Bench upheld by a 4:1 majority, the decision taken by the Union Government six years ago to demonetize the currency notes of Rs. 500 and Rs.1000 denominations.
#Demonetisation
#SupremeCourtOfIndia
#Demonetisation
#SupremeCourtOfIndia
The majority held that the Centre’s decision satisfied the test of proportionality.
Justice Nagarathna, in her dissenting view, held that though #Demonetization was well-intentioned, it had to be declared unlawful on legal grounds (and not on the basis of objects).
Justice Nagarathna, in her dissenting view, held that though #Demonetization was well-intentioned, it had to be declared unlawful on legal grounds (and not on the basis of objects).
The majority held that the #demonetization decision had a reasonable nexus with the objectives (eradicating black marketing, terror funding, etc.) sought to be achieved and that it was not relevant whether the objective was achieved or not.
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