SC upheld center’s decision on demonetisation of 500 & 1000 rupee notes

Vivek Narayan Sharma Vs. Union Of India (Supreme Court) SC upholds Central Government decision on demonetisation of 500 & 1000 rupee notes by a Majority of 4:1 in the case of Vivek Narayan Sharma Vs. Union Of India. Hon. Apex Court has upheld the Central Government decision to demonetise the currency notes of Rs 500 and Rs 1000 denominations from 8Th November 2016. It was held that the  notification dated 08.11.16 is valid and satisfies the proportionality test. It was also held that Sec. 26(2) of the Reserve Bank of India Act, 1934 empowers the Central Government to demonetize any serie...