2016 Notes Ban Decision Valid: Supreme Court

The Supreme Court today upheld the legality of the 2016 government decision to outlaw 86% of the country’s cash in circulation.

The arguments in the case were heard by a five-judge constitution bench of the country’s top court.

In November 2016, Prime Minister Narendra Modi personally led the shock move to outlaw 86% of the cash in circulation to target undeclared “black money” and fight corruption.

The petitioners included lawyers, a political party, co-operative banks and individuals, all of whom challenged the decision in the court.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)