New Delhi: A five-judge constitution bench will decide whether the notes ban is legal and whether it is a violation of fundamental rights, the Supreme Court said today.
The court is hearing a batch of petitions challenging the ban on 500-and 1,000-rupee notes last month, which has left millions facing a cash crunch and scrambling to banks and ATMs.
The court will also decide whether it can interfere in policy in fiscal matters. Extending the use of old notes for a few more days will, however, be decided by the government, the court said.
It also asked the government to review the withdrawal limit of Rs. 24,000 per week from banks.