VIVEK NARAYAN SHARMA VS UNION OF INDIA (VALIDITY OF DEMONETIZATION)

Abstract

The case notes overview the incident that took place on 08^th November, 2016 i.e. Demonetization Case or Vivek Narayan Sharma vs Union of India. The case is important with regard to the validity of the decision and the hardships caused to the people due to the Stoppage of usage of Notes Rs 500 and Rs 1000.

In this case, we have analyzed the important issues along with the judgment. We have analyzed this case from the perspective of People of India and the Hon’ble Supreme Court Judgement. The analysis of the argument on the word “any” in Section 26(2) of RBI Act, 1934 has been analyzed with respect to the various judgments and interpretation of various acts and statutes. The argument presented by the Defendant has been an important discussion in this regard.

The motive of the decision is very important to be taken into account and the analyses of the court’s decision on the judgment has been analyzed. Additionally, the Fundamental Rights are an important part of the discussion as people have faced severe hardships and therefore it is a much important matter to be discussed in this case note.