Supreme Court's Constitution Bench seeks Centre, RBI response on demonetisation

New Delhi: The Supreme Court’s Constitution Bench on Wednesday asked the Centre and Reserve Bank of India (RBI) to file a comprehensive affidavit on the decision to demonetize currency notes of Rs 500 and 1,000 in 2016. A five-judge bench of Justices Abdul Nazeer, BR Gavai, AS Bopanna, V Ramasubramanian and BV Nagarathna issued notice on all the intervening applications and fresh petitions relating to challenging the Centre’s decision to demonetize currency notes of Rs. 500 and 1,000 in 2016. Counsel for Centre and RBI seeks time to file their respective comprehensive affidavit. The court listed the matter for 9 November. The court said that they will address the main legal issue and then it will take up all these individual issues. The court direction came after Senior Advocate P Chidambaram stressed that the Court must examine the powers under Sections 24 and 26 of the RBI Act, 1934 as tomorrow if this goes unchallenged they can invoke these powers again. Read all the Latest News , Trending News ,  Cricket News , Bollywood News , India News and Entertainment News here. Follow us on Facebook, Twitter and Instagram.