The Supreme Court today upheld the demonetization of Rs 1,000 and Rs 500 banknotes. Justice BV Nagarathna dissented as the other four judges from the five-judge bench ruled in favor of the exercise 2016 from the Center.
Here are the top 5 quotes from the Supreme Court:
It does not matter whether the goal has been achieved or not.
We concluded that there was a reasonable connection to the objectives sought to be achieved.
The decision-making process cannot be called into question simply because the proposal emanates from the Centre.
The demonetization exercise cannot be canceled for reasons of proportionality.
The 52-day time limit prescribed for the exchange of notes cannot be said to be unreasonable.
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