CHENNAI: Former Union finance minister P Chidambaram on Monday mentioned the bulk verdict through the Supreme Court has recommended transparent of the query whether or not the goals of the demonetisation workouts have been accomplished in any respect.
The ‘minority’ judgment identified the ‘illegality’ and the ‘irregularities’ within the demonetisation, Chidambaram mentioned on Monday quickly after the apex courtroom pronounced its verdict.
“Once the Hon’ble Supreme Court has declared the law, we are obliged to accept it. However, it is necessary to point out that the majority has not upheld the wisdom of the decision; nor has the majority concluded that the stated objectives were achieved,” the senior Congress chief mentioned in a tweet.
“In fact, the majority has steered clear of the question whether the objectives were achieved at all,” he mentioned.
“We are happy that the minority judgment has pointed out the illegality and the irregularities in the demonetisation. It may be only a slap on the wrist of the government, but a welcome slap on the wrist,” he famous.
The dissenting judgment would rank a few of the well-known dissents recorded within the historical past of the courtroom, he identified.
Earlier within the day, the Supreme Court upheld the federal government’s 2016 resolution to demonetise the foreign money notes of Rs 1,000 and Rs 500 denomination announcing the decision-making procedure used to be no longer unsuitable.
There must be nice restraint in issues of monetary coverage and the courtroom can’t supplant the knowledge of the manager through a judicial evaluation of its resolution, a five-judge Constitution Bench of the apex courtroom, headed through Justice SA Nazeer, mentioned.
The ‘minority’ judgment identified the ‘illegality’ and the ‘irregularities’ within the demonetisation, Chidambaram mentioned on Monday quickly after the apex courtroom pronounced its verdict.
“Once the Hon’ble Supreme Court has declared the law, we are obliged to accept it. However, it is necessary to point out that the majority has not upheld the wisdom of the decision; nor has the majority concluded that the stated objectives were achieved,” the senior Congress chief mentioned in a tweet.
“In fact, the majority has steered clear of the question whether the objectives were achieved at all,” he mentioned.
“We are happy that the minority judgment has pointed out the illegality and the irregularities in the demonetisation. It may be only a slap on the wrist of the government, but a welcome slap on the wrist,” he famous.
The dissenting judgment would rank a few of the well-known dissents recorded within the historical past of the courtroom, he identified.
Earlier within the day, the Supreme Court upheld the federal government’s 2016 resolution to demonetise the foreign money notes of Rs 1,000 and Rs 500 denomination announcing the decision-making procedure used to be no longer unsuitable.
There must be nice restraint in issues of monetary coverage and the courtroom can’t supplant the knowledge of the manager through a judicial evaluation of its resolution, a five-judge Constitution Bench of the apex courtroom, headed through Justice SA Nazeer, mentioned.