Supreme Court receives plea seeking review of verdict on Demonetisation

The Supreme Court of India received a plea seeking  review of the judgement that upheld Centre’s 2016 decision to demonetise Rs 1,000 and Rs 500 currency notes.

On January 2,a five-judge Constitution bench, in a 4:1 majority verdict had given their stamp of approval, saying the decision-making process was neither flawed nor hasty.

The review plea has been filed by a lawyer named ML Sharma, who is one of the 58 petitioners who had moved the top court challenging the demonetisation exercise announced on November 8, 2016.

In his review petition,Advocate Sharma has contended that the bench did not consider his written arguments its verdict on the batch of pleas which led to which has resulted in  serious injustice and miscarriage of justice.

In his plea,the advocate has requested for the review of the judgement.

Talking about the review of the judgement ,a five Judge Constitution bench that was headed by Justice SA Nazeer(since retired) considering the fact had said that there has to be great restraint in matters of economic policy and the court will not interfere with any opinion formed by the government if it is based on the relevant facts and circumstances or on expert advice.

In the 5 judges bench it was Justice B V Nagarathna, who had dissented and said the demonetisation of the Rs 500 and Rs 1,000 currency notes was vitiated and unlawful.

The judgement by top court had come on a batch of 58 petitions including the one filed by lead petitioner Vivek Narayan Sharma challenging the demonetisation exercise.