Slap on the wrist of the federal government: P Chidambaram on Supreme Court docket’s demonetisation verdict | India Information

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CHENNAI: Former Union finance minister P Chidambaram on Monday stated 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’ judgment identified the ‘illegality’ and the ‘irregularities’ within the demonetisation, Chidambaram stated on Monday quickly after the apex courtroom made its verdict.
“As soon as the Hon’ble Supreme Court docket has declared the regulation, we’re obliged to simply accept it. Nonetheless, 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 stated in a tweet.

“Actually the bulk has steered away from the query whether or not the targets have been achieved in any respect,” he stated.
“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 famous.
The dissenting judgement would rank among the many well-known dissents recorded within the historical past of the courtroom, he identified.
Earlier within the day, the Supreme Court docket upheld the federal government’s 2016 resolution to demonetise the foreign money notes of Rs 1,000 and Rs 500 denomination saying the choice making course of was not flawed.
There must be nice restraint in issues of financial coverage and the courtroom can not supplant the knowledge of the chief by a judicial assessment of its resolution, a five-judge Structure Bench of the apex courtroom, headed by Justice S A Nazeer, stated.

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