The Supreme Court in its judgment on demonetisation cleared the mechanism of taking the decision by the government and whether due process was properly followed but it did not give a clearance on the necessity of demonetisation and in the manner of its implementation. That demonetisation was misconceived and not at all necessary has been brought out in many a forum. That the introduction of the Rs 2,000 note created snafus at ATMs, was out of context with shopping practices resulting in many small shopkeepers refusing supply of goods when proferred this note and that instead of reducing black money it allowed more black money to be stored in the same space. The pain inflicted on common people during the withdrawal of the old currency notes and replacement with the new notes that led to many lives being lost even in the queues formed in front of banks to exchange the notes. Thereafter the disruption of businesses leading to the closure of many MSMEs is a fact that cannot be denied. These aspects are not part of the legal scrutiny by the Supreme Court.
