{"id":286722,"date":"2023-03-13T09:00:37","date_gmt":"2023-03-13T03:30:37","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=286722"},"modified":"2023-03-10T16:50:19","modified_gmt":"2023-03-10T11:20:19","slug":"2023-scc-vol-3-part-1","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2023\/03\/13\/2023-scc-vol-3-part-1\/","title":{"rendered":"2023 SCC Vol. 3 Part 1"},"content":{"rendered":"
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Debt, Financial and Monetary Laws — Monetary Laws and Norms — Demonetisation 2016 — Demonetisation of Rs 500 and Rs 1000 currency notes of existing and any older series in circulation — Decision-making process — Validity, rationality, reasonability and non-arbitrariness: <\/span>Initiation of the proposal of demonetisation by the Central Government and its decision to implement it in exercise of its executive powers under S. 26(2) of the RBI Act, held (per majority), valid, rational and reasonable and not arbitrary. [Vivek Narayan Sharma (Demonetisation Case-5 J.)<\/i> v. Union of India<\/i>, (2023) 3 SCC 1<\/a>]<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Debt, Financial and Monetary Laws — Monetary Laws and Norms — Demonetisation 2016 — Demonetisation of Rs 500 and Rs 1000 currency <\/p>\n","protected":false},"author":67011,"featured_media":286723,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,16],"tags":[20201,52977,34706],"class_list":["post-286722","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casesreported","category-supremecourtcases","tag-central-government","tag-financial-and-monetary-laws","tag-rbi-act"],"yoast_head":"\n2023 SCC Vol. 3 Part 1 | SCC Times<\/title>\n<meta name=\"description\" content=\"Debt, Financial and Monetary Laws \u2014 Monetary Laws and Norms \u2014 Demonetisation 2016 \u2014 Demonetisation of Rs 500 and\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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Verdict: Breakdown of the majority and minority opinions","author":"Prachi Bhardwaj","date":"January 3, 2023","format":false,"excerpt":"While BR Gavai, J has written the majority opinion for himself and SA Nazeer, A.S. Bopanna, V. Ramasubramanian, JJ, to uphold the legality of the 2016 demonetization, BV Nagarathna, J is the lone dissenter who has held that though demonetisation was well-intentioned and well thought of, the manner in which\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"demonetisation","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/01\/MicrosoftTeams-image-28.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":280829,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/01\/02\/supreme-court-upholds-central-governments-decision-of-demonetising-rs-500-and-rs-1000-currency-notes-legal-research-legal-news-updates\/","url_meta":{"origin":286722,"position":1},"title":"Supreme Court upholds Centre’s decision of demonetising Rs. 500 and Rs. 1000 currency notes","author":"Editor","date":"January 2, 2023","format":false,"excerpt":"Supreme Court: In a petition against the demonitisation of Rs. 500 and Rs. 1000 currency notes in 2016, the Constitution Bench of S. Abdul Nazeer, B.R Gavai*, A.S. Bopanna, V. Ramasubramanian, B.V. Nagarathna**, JJ. has upheld the Centre's 2016 demonetisation scheme in a 4:1 majority and held that demonetisation was\u2026","rel":"","context":"In "Hot Off The Press"","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"decision of demonetising","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/01\/MicrosoftTeams-image135.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":258893,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/12\/22\/anatomy-of-indian-currency\/","url_meta":{"origin":286722,"position":2},"title":"Anatomy of Indian Currency","author":"Bhumika Indulia","date":"December 22, 2021","format":false,"excerpt":"by Pramod Rao\u2020","rel":"","context":"In "Op Eds"","block_context":{"text":"Op Eds","link":"https:\/\/www.scconline.com\/blog\/post\/category\/op-ed\/legal-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/12\/MicrosoftTeams-image-184.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/12\/MicrosoftTeams-image-184.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/12\/MicrosoftTeams-image-184.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/12\/MicrosoftTeams-image-184.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/12\/MicrosoftTeams-image-184.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":98951,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/01\/11\/kerala-law-academy-law-college-announces-national-seminar-on-demonetisation-and-digital-economy-insights-to-law-and-governance\/","url_meta":{"origin":286722,"position":3},"title":"Kerala Law Academy Law College announces National Seminar on\u00a0\u2018Demonetisation and Digital Economy: Insights to Law and Governance\u2019","author":"Saba","date":"January 11, 2017","format":false,"excerpt":"The Kerala Law Academy Law College in association with Centre for Advanced Legal Studies and Research (CALSAR) is organizing a National Seminar on \u2018Demonetisation and Digital Economy: Insights to Law and Governance\u2019 on 3rd February, 2017 at Kerala Law Academy Campus, Peroorkada, Trivandrum, Kerala. We cordially invite papers from academicians,\u2026","rel":"","context":"In "Conference\/Seminars\/Lectures"","block_context":{"text":"Conference\/Seminars\/Lectures","link":"https:\/\/www.scconline.com\/blog\/post\/category\/lawschoolnews\/conference_seminars_lectures\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/09\/Kerala-Law-Academy-Law-College.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/09\/Kerala-Law-Academy-Law-College.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/09\/Kerala-Law-Academy-Law-College.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/09\/Kerala-Law-Academy-Law-College.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/09\/Kerala-Law-Academy-Law-College.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":207040,"url":"https:\/\/www.scconline.com\/blog\/post\/2018\/12\/19\/disclosing-information-regarding-the-printing-of-notes-after-demonetisation-not-exempted-under-rti-act-rbi-directed-to-disclose-the-same\/","url_meta":{"origin":286722,"position":4},"title":"Disclosing information regarding printing of notes after demonetisation not exempted under RTI Act, RBI directed to disclose the same","author":"Bhumika Indulia","date":"December 19, 2018","format":false,"excerpt":"Central Information Commission (CIC): The present matter was taken up by Sudhir Bhargava (Information Commissioner), under the Right to Information Act, 2005. Appellant had sought information primarily on two points under the Right to Information Act, 2005, which was: Total number of currency notes of Rs 2000 printed daily from\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/central_information_commission.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/central_information_commission.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/central_information_commission.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/central_information_commission.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/central_information_commission.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":94291,"url":"https:\/\/www.scconline.com\/blog\/post\/2016\/12\/26\/issuance-of-currency-notes-and-its-demonetisation-is-purely-an-executive-act-and-it-is-not-open-to-the-courts-to-step-into-the-said-arena\/","url_meta":{"origin":286722,"position":5},"title":"Issuance of currency notes and its demonetisation is purely an executive act and it is not open to the courts to step into the said arena","author":"Saba","date":"December 26, 2016","format":false,"excerpt":"Delhi High Court: In a case where the convict was permitted to deposit the fine amount of Rs.75,000\/- in demonitised currency by the learned Special Judge, the Bench of Vipin Sanghi, J. held that the issuance of currency notes and its demonetisation is purely an executive act and it is\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/286722","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/67011"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=286722"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/286722\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/286723"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=286722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=286722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=286722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}