“Centre had the power to demonetise all series of a banknote and the Nov. 8, 2016 note ban decision can't be said to be unreasonable nor was it hit by the doctrine of proportionality.”
New Delhi: The Supreme Court (SC) this morning backed Prime Minister Narendra Modi's 2016 note ban (demonetisation) decision in a majority judgement and said the decision could not be faulted just because the Centre initiated it. The Centre had the power to demonetise all series of a banknote, adding the Nov. 8, 2016 note ban decision can't be said to be unreasonable nor was it hit by the doctrine of proportionality, the Apex Court said and added that the period of 52 days given for the exchange of notes was not unreasonable.
