Demonetisation: Supreme Court Asks Center And RBI To Produce Records Related To Demonetisation, Decision Reserved
New Delhi, Dec 7 (TNA) The Supreme Court on Wednesday directed the Center and the Reserve Bank of India (RBI) to produce relevant records relating to the government's decision to invalidate Rs 1,000 and Rs 500 notes in 2016.
While reserving its judgment on a bunch of pleas challenging the Centre's 2016 decision, a five-judge Constitution bench headed by Justice S A Nazeer heard the arguments of Attorney General R Venkataramani, RBI counsel and senior advocates P Chidambaram and Shyam Divan.
A bench of Justices BR Gavai, AS Bopanna, V Ramasubramaniam and BV Nagarathna said, "We have heard and the judgment is reserved. Counsel for the Union of India and the Reserve Bank of India are directed to place the relevant records."
The AG told the bench that he would submit the relevant records in a sealed cover. The apex court was hearing a batch of 58 petitions challenging the note ban announced by the Center on November 8, 2016.