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Any Means All : Supreme Court Says Centre Can Demonetise All Series Of Bank Notes Invoking Section 26(2) Of RBI Act

'Any' Means 'All' : Supreme Court Says Centre Can Demonetise All Series Of Bank Notes Invoking Section 26(2) Of RBI Act

Interpreting the word "any" in Section 26(2) of the Reserve Bank of India Act 1934 as "all", the Supreme Court by 4:1 majority held that the Central Government has the power to demonetise all series...

2 Jan 2023 12:13 PM GMT
RBI Didnt Independently Apply Its Mind In Recommending Demonetisation, Entire Exercise Carried Out In 24 Hours : Justice BV Nagarathna

RBI Didn't Independently Apply Its Mind In Recommending Demonetisation, Entire Exercise Carried Out In 24 Hours : Justice BV Nagarathna

In her dissenting judgment in the pleas challenging demonetisation, Supreme Court judge Justice BV Nagarathna observed that there was no independent application of mind by the Reserve Bank of India in...

2 Jan 2023 8:11 AM GMT