SC Remains Mute On Intentions Of Demonetisation: Congress

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SC Remains Mute On Intentions Of Demonetisation: Congress

| Updated: January 3, 2023 11:50

On Monday, Congress argued that the Supreme Court’s majority decision on demonetisation had not addressed the issue of whether the exercise’s goals had been attained at all.

Former Finance Minister P. Chidambaram reacted angrily to the Supreme Court’s decision on Monday, saying that the “minority” decision highlighted the “illegality” and “irregularities” of the demonetisation. Chidambaram made this statement on Monday, shortly after the Supreme Court issued its ruling.

“It is necessary to point out that the majority has not upheld the wisdom of the decision; nor has the majority concluded that the stated objectives were achieved. In fact, the majority has steered clear of the question whether the objectives were achieved at all,” said Chidambaram, who represented petitioners.

By a 4:1 majority on Monday, the Supreme Court upheld the Centre’s 2016 decision to demonetise the Rs. 500 and Rs. 1,000 currency notes. 

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