In a big win for the Modi government, the Supreme Court in a 4:1 verdict held that demonetisation is not bad in law merely because some citizens suffered through hardships. The decision does not suffer from illegality as there was consultation between the RBI and the Centre for a period of six months before the notification under challenge was issued, it said. It stated that the decision-making process was neither flawed nor hasty and it is "not relevant" whether the stated objectives were achieved or not.
