Start of 2023 with the Demonetisation Verdict

The Constitution Bench upheld the Centre's 2016 demonetisation scheme in a 4:1 majority. It was held that demonetisation was proportionate to the Union's stated objectives and implemented in a reasonable manner. Justice Gavai wrote the majority opinion, while Nagarathna, J. dissented, stating that although demonetisation was well-intentioned, the execution was improper and unlawful.