BREAKING: DEMONETISATION VALID: SUPREME COURT, JUSTICE BV NAGARATHNA DISSENTS-LIVE UPDATES

Justice Gavai : There has to be great restraint in matters of economic policy. Court cannot supplant the wisdom of executive with its wisdom.

Justice Gavai - The Central Govt is required to take the action after the consultation with the Central Board and there is an inbuilt safeguard.

Justice Gavai - Delegation is made to Central Govt which is answerable to Parliament which in turn is answerable to the citizen of the country. 

Justice Gavai -Interpretation which leads to absurdity must be avoided. The purposes of the Act must be considered while interpretation.

Justice Gavai - Restrictive meaning cannot be given to word "any" in Section 26(2) of RBI Act. The modern trend is of pragmatic interpretation.

Justice Gavai - Whether the impugned notification dated Nov 8 2016 is liable to struck down on the ground of proportionality.

Justice Gavai reading out the issues framed- Whether the power under Section 26(2) RBI Act can be used for the whole series?

Though initially 9 issues were framed, we have reframed 6 issues.

Bench assembled

Justice Gavai reading his judgement 

Demonetisation verdict : As per the cause-list, there are two separate judgments by Justices BR Gavai and BV Nagarathna.