SC completes hearing pleas challenging 'currency ban', directs RBI to submit documents
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New Delhi: The Supreme Court reserved its verdict on the Central government's decision to demonetise currency notes of Rs 1000 and Rs 500 in 2016, after directing the RBI to produce relevant documents related to demonetisation.
The five-judge constitution bench headed by Justice S A Nazeer completed the hearing of a batch of 58 petitions challenging the Centre's demonetisation.
RBI counsel Attorney General R Venkataramani and the petitioners' lawyers, including senior advocates P Chidambaram and Shyam Divan, made their submission before the court.
"Heard. judgement reserved. Learned counsels of the Union of India and Reserve Bank of India are directed to produce the relevant records," the bench also comprising Justices B R Gavai, A S Bopanna, V Ramasubramanian, and B V Nagarathna, said.
The bench allowed parties to give written submissions by December 10, Live Law reported. The AG submitted before the bench that he will submit relevant records in a sealed cover.