The Supreme Court on its first working day of 2023 upheld the decision of the Central government taken in 2016 to demonetise the currency notes of 500 and 1000 denominations.

A five-judge Constitution bench headed by Justice S A Nazeer, who will retire on January 4,  pronounced its verdict on the matter. A five-judge Constitution bench dismisses a batch of petitions challenging the Centre’s 2016 decision to demonetise Rs. 500 and Rs. 1000 currency notes and says the decision, being Executive’s economic policy, cannot be reversed.

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