By a majority verdict, the Supreme Court on Monday upheld the government's 2016 decision to demonetise the currency notes of ₹1,000 and ₹500 denominations.

A five-judge Constitution bench of the apex court, headed by Justice S A Nazeer, said the Centre's decision-making process could not have been flawed as there was consultation between the Reserve Bank of India (RBI) and the Union government.

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