NEW DELHI: The Splendid Court docket is scheduled to pronounce its judgment on January 2 on a batch of pleas difficult the federal government’s 2016 choice to demonetise forex notes of `1,000 and `500 denominations.
A five-judge Charter bench headed via Justice SA Nazeer, who will retire on January 4, is prone to pronounce its verdict at the subject at the mentioned date.
The highest court docket had, on December 7, directed the Centre and the Reserve Financial institution of India (RBI) to place on document the related data when it comes to the federal government’s 2016 choice and reserved its verdict.
The bench, additionally comprising justices B R Gavai, A S Bopanna, V Ramasubramanian and B V Nagarathna, had heard the submissions of Lawyer Normal R Venkataramani, the RBI’s recommend and the petitioners’ attorneys, together with senior advocates P Chidambaram and Shyam Divan.
Calling the scrapping of the `500 and `1,000 forex notes deeply mistaken, Chidambaram had argued that the federal government can not by itself begin any proposal when it comes to criminal delicate, which is able to best be executed at the advice of the RBI’s central board.
NEW DELHI: The Splendid Court docket is scheduled to pronounce its judgment on January 2 on a batch of pleas difficult the federal government’s 2016 choice to demonetise forex notes of `1,000 and `500 denominations.
A five-judge Charter bench headed via Justice SA Nazeer, who will retire on January 4, is prone to pronounce its verdict at the subject at the mentioned date.
The highest court docket had, on December 7, directed the Centre and the Reserve Financial institution of India (RBI) to place on document the related data when it comes to the federal government’s 2016 choice and reserved its verdict.
The bench, additionally comprising justices B R Gavai, A S Bopanna, V Ramasubramanian and B V Nagarathna, had heard the submissions of Lawyer Normal R Venkataramani, the RBI’s recommend and the petitioners’ attorneys, together with senior advocates P Chidambaram and Shyam Divan.
Calling the scrapping of the `500 and `1,000 forex notes deeply mistaken, Chidambaram had argued that the federal government can not by itself begin any proposal when it comes to criminal delicate, which is able to best be executed at the advice of the RBI’s central board.