Supreme Court asks Centre to produce records related to the implementation of demonetisation

The Supreme Court of the country has reserved its decision on Wednesday (December 7) while hearing the petitions filed against the implementation of demonetisation. The Supreme Court has asked the Central Government and the Reserve Bank of India (RBI) to produce records regarding the implementation of demonetisation, while hearing a petition challenging the decision of demonetisation implemented by the Central Government six years ago (in 2016).

Let us tell you that the hearing of this matter was done by the Supreme Court’s bench of Justices S Abdul Nazeer, BR Gavai, AS Bopanna, V Ramasubramaniam and BV Nagaratna. The bench asked the parties to submit written arguments by December 10. During the hearing, the bench had said that it will not sit with folded hands just because it is an economic policy decision. The court said that it can examine the methods of taking a decision in this regard.

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On October 12 this year, after the arguments of senior advocate P. Chidambaram on the petition filed regarding demonetisation, the Supreme Court agreed to hear the bench and now the bench presented the documents and records related to the decision of demonetisation to the Central Government and the Reserve Bank of India. asked to do. The Supreme Court said that all records related to demonetisation should be produced in a sealed cover.

The Constitution Bench said that the matter has been heard and the verdict has been reserved. On production of the records by the court, the Attorney General (AG) said before the bench that he would submit all the documents in a sealed cover to the court.

Earlier on December 5, the Reserve Bank of India informed the Supreme Court that all procedures were followed while implementing demonetisation in the country. The RBI had said that the process laid down in Section 26(2) of the RBI Act, 1934 was fully followed in the decision to ban Rs 1,000 and Rs 500 notes during the demonetisation process in November 2016.