The Supreme Court will hear on December 2 a bunch of petitions challenging the constitutional validity of the government’s decision to demonetise currency notes of Rs 500 and Rs 1,000 and the inconvenience faced by the common man due to it. “We will examine both aspects (inconvenience and constitutional validity) of the matter. Come on Friday at 2 pm,” said a bench comprising Chief Justice of India T S Thakur and Justice D Y Chandrachud.
On December 2, the bench will also take up the government’s plea to transfer all cases arising out of demonetisation to one court, preferably to the Delhi High Court or to the apex court. It is also likely to examine a plea to refer the matter to a five-judge Constitution Bench in view of the fact that previous cases relating to demonetisation in 1946 and 1978 were heard by larger benches.
On Thursday, the Centre filed an affidavit in the court on demonetisation and said that the “bold move” would eradicate black money and slush funds operating since Independence which cast a “parallel economy” hitting the poor and the middle class.
It added the decision would help in proper implementation of the ambitious ‘Jan Dhan Yojana’ under which around 22 crore bank accounts for poor people have been opened. Further, it said that demonetisation is seen as a check on the real estate sector where prices get pushed up artificially, reducing the availability of affordable housing for the poor and the middle class.