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After high court docket’s huge verdict on Centre’s 2016 word ban transfer, former Union Finance Minister P Chidambaram on Monday mentioned the bulk verdict by the Supreme Court docket has steered away from the query whether or not the targets of the demonetisation train have been achieved in any respect.
The ’minority’ judgement identified the ’illegality’ and the ’irregularities’ within the demonetisation, Chidambaram mentioned on Monday quickly after the apex court docket made its verdict with a 4:1 judgment.
”As soon as the Hon’ble Supreme Court docket has declared the legislation, we’re obliged to just accept it. Nevertheless, it’s essential to level out that almost all has not upheld the knowledge of the choice; nor has the bulk concluded that the acknowledged targets have been achieved,” the senior Congress chief mentioned in a tweet.
”In reality the bulk has steered away from the query whether or not the targets have been achieved in any respect,” he mentioned.
Nevertheless, it’s essential to level out that almost all has not upheld the knowledge of the choice; nor has the bulk concluded that the acknowledged targets have been achieved. In reality, the bulk has steered away from the query whether or not the targets have been achieved in any respect.— P. Chidambaram (@PChidambaram_IN) January 2, 2023
”We’re comfortable that the minority judgement has identified the illegality and the irregularities within the demonetisation. It could be solely a slap on the wrist of the federal government, however a welcome slap on the wrist,” he added.
The dissenting judgement would rank among the many well-known dissents recorded within the historical past of the court docket, Chidambaram identified.
Earlier within the day, the Supreme Court docket upheld the federal government’s 2016 choice to demonetise the foreign money notes of Rs 1,000 and Rs 500 denomination saying the choice making course of was not flawed. A five-judge structure bench was listening to the matter. Whereas 4 judges backed the demonetisation transfer, one decide — Justice BV Nagarathna — dissented, making it a 4:1 verdict.
Justice Nagarathna differed from the bulk judgment on the purpose of the Centre’s powers below part 26(2) of the RBI Act. Justice Nagarathna mentioned the demonetisation coverage was flawed solely on authorized grounds. She, nonetheless, added that the transfer was nicely considered to battle counterfeiting black cash and terror funding.
BJP’s Shehzad Poonawalla responded to Chidambaram and mentioned in a tweet, “With SC upholding demonetisation with a 4:1 majority – SC has given its approval not just for targets of DeMo (to battle corruption) but in addition on the authority & process. However regardless of DeMo getting each public & court docket mandate Corrupt Congress continues to cry foul”.
With SC upholding demonetisation with a 4:1 majority – SC has given its approval not just for targets of DeMo (to battle corruption) but in addition on the authority & process. However regardless of DeMo getting each public & court docket mandate Corrupt Congress continues to cry foul 1/n pic.twitter.com/awvsgWQGfV— Shehzad Jai Hind (@Shehzad_Ind) January 2, 2023
“If a transfer was in curiosity of the nation & in opposition to corruption – Congress is certain to oppose it. Even the dissenting decide they’re quoting has lauded the noble intentions of DeMo however Congress will proceed to be the patron of corruption!,” the BJP chief added.
Shiv Sena chief Priyanka Chaturvedi, too, reacted to the Supreme Court docket verdict and praised Justice Nagarathna’s dissenting order. “A lot respect for Justice BV Nagarathna, for standing up & talking out #Demonetisation,” she tweeted.
With inputs from News18
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