SC’s ten questions on demonetisation

SC’s ten questions on demonetisation

  • Whether demonetisation notification of November 8 is ultra vires Section 26(2) and other provisions of the RBI Act?
  • Does Section 26(2) of the RBI Act itself suffer from excessive delegation of powers and therefore ultravires the Constitution?
  • Whether the November 8 notification falls foul of Articles 14 and 19 of the Constitution?
  • Whether restriction on withdrawal of legitimate funds is violative of Article 14 and 19 of the Constitution?
  • Does the implementation of the November 8 notification suffer from procedural and substantive unreasonableness?
  • Whether November 8 notification and subsequent ones are in violation of Article 300A (right to property) of the Constitution?
  • Whether the exclusion of district central co-operative banks from exchange, deposit and withdrawal of money amounts to ‘discrimination’ against them?
  • What is the scope of judicial review in matters of fiscal/economic policy?
  • Can demonetisation only be brought in by a parliamentary statute?
  • Whether writ petitions filed by political parties under Article 32 of the Constitution are maintainable?

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