Is demonetisation unconstitutional? SC defers hearing to Jan

The SC said that the matter would take time to adjudicate and hence decided to post the matter in January. The court added that it could place the matter before a 5-judge Bench.

New Delhi, Dec 9: The Supreme Court on Friday framed questions for adjudication to decide on whether demonetisation was unconstitutional or not. The SC said that the matter would take time to adjudicate and hence decided to post the matter in January. The court added that it could place the matter before a 5-judge Bench.

When the bench sought to know what the benefits of demonetisation was, the Attorney General Mukul Rohatgi said that it was to fight the menace of black money. The AG also sought to know if the SC had the power to decide on the government's fiscal policy.

During the course of arguments, prominent lawyer Prashanth Bhushan told the court that there is still no cash in most ATMs, and that they have not been caliberated yet. He told the court that cooperative banks were being discriminated.

The Centre however made it clear to the court that it will not relax the ban on cooperative banks from accepting deposits in old notes. "We will also not let these banks issue new notes," the AG informed the court.

OneIndia News