By Venkatesh Nayak* On 8th November, 2016, the Government of India announced its decision to pull high value currency notes of Rs. 500 and Rs. 1,000 denomination out of circulation, with immediate effect. A detailed procedure was notified in the Official Gazette explaining how people holding the demonetised currency notes may redeem the value of the demonetised notes. The Government also permitted people to exchange over the counter, the demonetised notes for the new series of Rs. 2,000 and Rs. 500 notes printed, but to a limited extent. Memories of a similar decision to demonetise high value currency notes taken by the Janata Government in 1978 are being revived by scholars and lawyers writing in the print and electronic media. Noted human rights lawyer and former Additional Solicitor General of India, Ms. Indira Jaisingh has recently commented on the legality of the manner in which the Government has gone about this demonetisation decision. A bunch of petitions have been filed acro...