#Demonetisation: Eleven questions the Supreme Court might consider

Arguments over the petitions relating to the demonetisation of Rs. 500 and 1,000 notes were heard for more than an hour today by the Supreme Court of India. A Bench of Chief Justice TS Thakur and Justices AM Khanwilkar and DY Chandrachud also noted down issues to be considered by the court for final hearing of the case..Senior Advocate Kapil Sibal and Attorney General Mukul Rohatgi suggested most of the issues which the Court could consider for framing issues for final hearing..The court noted the following issues raised by the parties:.Whether the notification of November 8 is ultra vires Section 26(2) of the RBI Act..Whether the notification of November 8 and all subsequent notifications is contrary to Article 300A..Assuming that the notifications have been issued validly under S. 26(2), whether it falls foul of Articles 14 and 19(1)(g)..Whether restrictions on withdrawal of money has any basis and whether it violates Articles 14, 19 and 21..Whether the manner in which the notification is sought to be implemented is “procedurally unreasonable”..Whether District Co-operative Banks have been discriminated against by excluding them from accepting deposits, exchanging old notes and denying withdrawal of money..What is the scope of judicial review in a matter touching fiscal/economic policy?.Whether Section 26(2) amounts to excessive delegation of powers and is therefore ultra vires the Constitution..Whether a petition by political party on the issue is maintainable under Article 32..Whether Devanagari numerals can be used on currency notes..Whether the impugned notification is violative of Sections 7, 23, 24, 29 and 42 of the RBI Act..The court will now frame the issues to be heard in the case, taking into account the above suggestions..The Bench also asked Attorney General Rohatgi about interim measures that could be adopted to alleviate the difficulties faced by people. Chief Justice Thakur said,.“We would like to hear the parties regarding interim measures that could be taken while the matter is being heard without affecting the larger object you had in mind.”.The restriction placed on District Co-operative banks was one of the major issues over which the parties and the central government differed considerably during the hearing. Rohatgi said that DCCBs don’t adhere to KYCs and stood firm on the restrictions imposed on them..The case will now be heard on December 14, when the Court will frame the issues to be heard. Chief Justice TS Thakur is retiring on January 3 next year, and the December 14 hearing could very well be his final one in this matter.