The Karnataka High Court on Friday rejected a PIL that challenged the demonetisation move taken by the central government. The PIL demanded the central government to withdraw its decision of declaring Rs 500 and Rs 1000 as invalid. Pronouncing the order, a division bench comprising of Chief Justice S K Mukherjee and Justice R B Budihal, observed the step taken by the central government was laudable, as it has put a check on black, illegal and fake money. “The central government’s move of demonetisation is a good step as it has checked the circulation of illegal, black and fake money. It is laudable and good for the economy,” the bench said.
Moreover, the step taken by Prime Minister Narendra Modi led central government was a “masterstroke”, it observed. “Bringing the decision into immediate effect is a master stroke by the central government,” the bench said. The PIL was filed by Mohammed Haroon Rasheed, challenging the government’s decision to eradicate the black money and fake currency notes, contending that it has affected the lives of common people. He argued that the common people are forced to leave their respective work and stand in queues in the banks for exchanging the scrapped notes.