Demonetisation judgment: How RBI Act provision divided SC judges

#Demonetisation #Judgment #SupremeCourt
In the judgment upholding the Narendra Modi government’s November 2016 decision to ban Rs 500 and Rs 1,000 currency notes by a 4:1 majority, the Supreme Court bench’s majority verdict differed from the minority judgment on their interpretation of a provision of the Reserve Bank of India Act, 1934. In this video, Apoorva Mandhani explains what this provision says, and why the majority and minority verdicts differed on the interpretation of this provision.
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