Centre empowered to demonetise 'all' series of bank notes under RBI Act: SC

Centre empowered to demonetise 'all' series of bank notes under RBI Act: SC
Centre empowered to demonetise 'all' series of bank notes under RBI Act: SC
A five-judge Constitution bench headed by Justice S A Nazeer, which upheld the Centre's 2016 demonetisation of Rs 1,000 and Rs 500 currency notes by a 4:1 majority verdict, said a statute must be construed having regard to the legislative intent.

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