RBI Roasted on Demonetis. Fierce Argue in SC

Поділитися
Вставка
  • Опубліковано 23 гру 2024

КОМЕНТАРІ • 120

  • @godsonswaminath1412
    @godsonswaminath1412 2 роки тому +5

    Spirited fight. Thank you Mr. Divan. Your father was a great fighter

  • @periramana8556
    @periramana8556 2 роки тому +12

    A spirited we'll structured argument by Dewan really interesting to watch and listen may he win his arguments

    • @thomasranjit7781
      @thomasranjit7781 2 роки тому +1

      There are no arguments on unconstitutional activities by politicians who think the republic of India has been gifted to them by their forefathers ..

  • @sdar148
    @sdar148 2 роки тому +7

    Our legal luminaries souting loudly after six years "where is black money" It is first converted from 1000 denomination to 2000 denomination and unearthed from bed rooms and bathrooms ,bank lockers of bada babus .Ask RBI how much money was deposited by IT dept after raids in the past two yrs across country !

  • @virinderdogra6086
    @virinderdogra6086 2 роки тому +2

    Very logical points.

  • @vkrattan4611
    @vkrattan4611 2 роки тому +2

    Next will be why Balakot strike..why RBI..why parliament..Why SC..ha ha

  • @sastryvl7784
    @sastryvl7784 2 роки тому +7

    Hope judges will show guts to see the truth in shyam dewan arguments and declare judgement against govt

    • @vkrattan4611
      @vkrattan4611 2 роки тому +3

      Game on to incase undeclared old 500 and 1000 notes by the rich people of India..can you understand that 1.5 lakh old notes case in SC where case filing fee and lawyers fee in crores..wasting precious time of SC ..someone else is behind all this who has crs hidden in old notes and now trying to resolve...see this game

    • @badbhanu007
      @badbhanu007 2 роки тому +1

      In actual SC is just moving forward towards a severe impeachment🤭

    • @sbos79
      @sbos79 2 роки тому +1

      😀 .. 😀 .. mere juggling of the words & doing drama will not reach anybody in the vicinity of truth ( dimensional ) by any mean though it may sometime works if situation remains in control of the actor (this time it's different situation that why he started fumbling after having a straight question from a judge where he was tried to tweak) .

    • @amT2211
      @amT2211 2 роки тому +1

      @@badbhanu007 hope this doesn't happen they should sit and reach a consensus because courts should be respected.justice is very important for freedom.

    • @spg6651
      @spg6651 2 роки тому

      @@vkrattan4611 SC should simply reject this case -- SC can not undue all the injustice, if any, done in the past -- We need to move on ..

  • @lalsawirema1383
    @lalsawirema1383 2 роки тому +8

    Demonitisation argument is very interesting 👍

    • @spg6651
      @spg6651 2 роки тому

      Can argument solve corruption issue ?.. Only solution is plug holes and prevent corruption being happening How? I have 36 innovative ideas on this entirely using digital technlogy and process improvements

  • @yashodharvaidya3082
    @yashodharvaidya3082 2 роки тому +1

    लगता है अभी भी बहुत सारे लोग जो की साधारण या गरीब नही है उनके पास रद्द हुई नोटों का बहुत बड़ा स्टोक होगा जिनकी आशाएं दीवान साहब पर टिकी हुई होगी।

  • @badbhanu007
    @badbhanu007 2 роки тому +1

    It seems to me that impeachment is coming soon😝😝😝🤣🤣🤣

  • @shamvibhute136
    @shamvibhute136 2 роки тому +5

    If RBI has no control over currency it is simply printing press why we call it Reserves Bank of India . After all it is just printing press.

    • @gopalannp1881
      @gopalannp1881 2 роки тому +1

      Printing currency is not the only function of RBI, it has so many other functions to do .

  • @Ashok-ov9sy
    @Ashok-ov9sy 2 роки тому +1

    Will the Judges verdict be against the government is a million dollar question inspite of the best points made by Shri Divan

  • @hindkumar2757
    @hindkumar2757 2 роки тому +1

    Good to hear these petition but SC selectiveness in taking up is bad(When a 4th grade employees have to compete to million get appointment.... Then How a judge can be appointed by recommendations? )

  • @wilklablacquit
    @wilklablacquit 2 роки тому +1

    RBI shouldn't exchange old currency, the black money hoarders can just give some commision to poor to have money exchanged in their name. This was thought during note ban time also, people with cash amount below their income combined could exchange it easily, but with black money would have to explain where did extra cash come from if documents they have lower amount.
    some rich owners of black businesses gave money to their workers that time to exchange, some just straight out burned money because they couldn't explain where did money come from. Only people angry about demonetization are black money hoarders.

  • @subbaraotanguturu9271
    @subbaraotanguturu9271 2 роки тому +2

    Like EC appointment where you people want CJI to be included do you people want on every RBI and government issue CJI should be included!? Pass orders that all decisions any institution should take SC permission before doing anything. So much precious time wasted on a irreversible thing when crores of cases are pending. It's same with recent Maharastra problem. Wants to take AP split problem now when everything is lost. Not took the case on time and AP lost everything but want to adjudicate now!?

  • @balrajpradhann6840
    @balrajpradhann6840 2 роки тому +1

    If the notes are legal ...chances should be given

  • @gurpalgujral1703
    @gurpalgujral1703 2 роки тому +2

    Notes are legal tender and garanteed by central government both are different statements. Very nice.

    • @sbos79
      @sbos79 2 роки тому

      But both are related. That's the spirit of that provisions. Simple logic tells that as far as the tenders remain legal they will enjoy govt's garanty.

    • @kaypee9187
      @kaypee9187 2 роки тому

      @@sbos79 Sir, the promise on the notes is made by the RBI and therefore it is the liability of the RBI to pay an equivalent amount of money to the bearer of an old note, a soiled note or the currency pulled out of circulation by the RBI itself ( demonetization). In the present case, the Central Govt chose to demonetize the currency and announce it to the public as an event of immense concern in a surprise announcement. As concerning the public , the promissor is the RBI and not the Central Govt. It could be assumed that the Govt acted on behalf of the RBI- the sole monetary authority. Where is the question of guarantee by the Central Govt in this case. I think the RBI alone bears the responsibility for the whole episode.

    • @sbos79
      @sbos79 2 роки тому

      @@kaypee9187 RBI manages money on behalf of the govt. It works under the govt as an autonomous institution which was given task to manage money & time to time were allowed to takes policy decision to micro-manage money. But in case, govt through its finance dept takes any decision that has bigger implications then it was bound to execute & take policy decision on their own to comply with it . Juggling with the words will not change this fact. Otherwise the autonomous institutions can do anything & raise conflict that could paralyze the decesion of the people (in democracy govt is people's representative) & thereby developments. That's why govt brought rule (not RBI itself) which formed a guideline by which RBI could start functioning. So the promissory note of the govt was given through RBI & after that it was taken back by the govt on the basis of a specific policy decision (demonetisation of certain tenders within a specific timeframe) which was the example of exceptional case (not regular case otherwise it would face a severe trust issue).

    • @kaypee9187
      @kaypee9187 2 роки тому

      Sir, the RBI is the Govt. Banker
      The RBI also is a Regulatory authority of the Banking system in India. A move such as demonitization of currency has major effect on the economy and must be done carefully. While the reason for demonitization maybe political and well meaning. The decision must be made on facts connected with efficacy of implementing it. The role of the RBI is also to caution the Govt, prepare the details of the notes to be demonetize and a plan to implement the scheme. We all know what happened actually.

  • @wilklablacquit
    @wilklablacquit 2 роки тому +2

    Only argument against demonetization is that it causes inconvenience
    while pros are : people now opening bank accounts to keep money safe,
    digital transactions push, black money hoarders just left paper with no value
    RBI shouldn't exchange old currency, the black money hoarders can just give some commision to poor to have money exchanged in their name. This was thought during note ban time also, people with cash amount below their income combined could exchange it easily, but with black money would have to explain where did extra cash come from if documents they have lower amount.
    some rich owners of black businesses gave money to their workers that time to exchange, some just straight out burned money because they couldn't explain where did money come from. Only people angry about demonetization are black money hoarders.

  • @jdsouza123
    @jdsouza123 2 роки тому

    The liability of the government should never extinguish. It is not the birthright (to act on a whim), of the government but the tangible possession of the person. The government may charge a late fee to cover additional costs (or may not. Afterall, they did not compensate the citizens for the enormous hardship caused by this ridiculous notification).

  • @subbarayalunambinarayanan5164
    @subbarayalunambinarayanan5164 2 роки тому

    Impressive argument made by Senior lawyer Shiyam Diwan more enough to reject the argument of Mr.Chidambaram. Bench now convinced after all questions posed were convinced by sound argument by interpretation of law. Demonitisation law will be upheld.

  • @thomasranjit7781
    @thomasranjit7781 2 роки тому +5

    Demonization in modi's way was unconstitutional.... period.... people's life have been destroyed... please see how unorganised sector has been destroyed...

  • @shaunbird8051
    @shaunbird8051 2 роки тому +2

    Nice Arguement.

  • @joeldsouza1234
    @joeldsouza1234 2 роки тому +3

    I was working in Middle-East and i have lost my hard earned money

  • @deepakironbuttl3801
    @deepakironbuttl3801 2 роки тому +4

    Fantastic advocate Mr Diwan🙌. I pin my hopes on you sir to win this case and not on anybody else

  • @jayakumarm4085
    @jayakumarm4085 2 роки тому +1

    What toasting?
    RBI was Right..
    Judiciary is Ridiculously Overstepping..!

  • @vkrattan4611
    @vkrattan4611 2 роки тому +6

    What is going on in our SC ..digging out what..own grave..

    • @spg6651
      @spg6651 2 роки тому

      They are busy with nothing

  • @spg6651
    @spg6651 2 роки тому +1

    If space in between the law is exploited by highly paid lawyers then what Rajeev Gandhi did in SHAH BANU case and what Pravan Mukherjee did in Retrospective Tax is justified -- Courts should hear case keeping larger interest of the country in mind.. Courts should not be play ground for clever lawyers.

  • @p.s.gopalakrishnan2956
    @p.s.gopalakrishnan2956 2 роки тому

    Judiciary crossing laxman rekha. This is not their bite. Better keep away from ex3cutive decisions

  • @sdar148
    @sdar148 2 роки тому

    A PSU ofIndia,doing contract in Libya, Made its entire work force{ employees} to stand in que 24 hrs continiously from 9 p.m to 8 p.m next day to exchange blackmoney of Libyan officials,And we did it hasselfree and without a murmur.Standing most of the time and forgetting ,food and Daily chores..Heavens did not fall after 8th Nov ,in India. Why this noise wasting Courts preci0us time

  • @h1g2a3r4
    @h1g2a3r4 2 роки тому +1

    Ban the use of english in All level of courts in India, for this is looking as an English court, when will the judiciary evolve? Carrying legal duties must never be allowed in the language of the oppressors of India in this rapidly developing nation of Bharat in the twenty-first century. This is linguistic and cultural racism against all Rastra Bhasas- when all local lingo are discarded for a foreign one when carrying out legal duties in the highest court of the country.

  • @ramayyacv8275
    @ramayyacv8275 2 роки тому +2

    Very forceful and interesting argument by Diwan

    • @sbos79
      @sbos79 2 роки тому

      Nothing interesting in argument but what he was trying was to play with his clever words like chidambaram.

    • @spg6651
      @spg6651 2 роки тому

      His arguements are clever till such time counter argument come in front

  • @vedprakashsonthalia4490
    @vedprakashsonthalia4490 2 роки тому +1

    It looks as if SC were to invalidate demonetisation policy to help the holders of old currency to validate it now by allowing them to deposit it in banks.

    • @spg6651
      @spg6651 2 роки тому

      Then even SR BOMMAI case where in Removal of him CM has been invalidated after 6 years -- He need to be reinstated as CM - but he is no more ..

  • @RDayal-qr6ip
    @RDayal-qr6ip 2 роки тому +1

    Does this not limit the subjects on which statutes and their enforceablility in such subjects of importance to the nation and the trade and public. Its a technical subject which cannot be disturbed by political parties without report from Reserve Bank. The FM has to depend on reports of RBI and not vice versa.

  • @Mac13587
    @Mac13587 Рік тому

    Money or Currency is the exchange consideration for Human Hardship! In case of the Currency held by an individual denial to honour the value of such currency by the Guarantor would be breach of trust! Alternatively, the Government has no power to nullify the accrued exchange consideration in the hands of an Individual. Voidance of the status of Legal Tender is Passe.
    In short, any or all currency notes issued by the RBI shall remain guaranteed without any time limit. Human Hardship is protected aptly under the Constitution.

  • @thomasranjit7781
    @thomasranjit7781 2 роки тому +2

    What about willful bank defaulters roaming around free India and abroad???

    • @thomasranjit7781
      @thomasranjit7781 2 роки тому +1

      @Passion Fruit if the government of India wants they can smoke out every crook who looted the banks, ran away and hiding in foreign countries, bring them back to India and put them behind bars..

    • @thewhistleblower2827
      @thewhistleblower2827 2 роки тому

      @@thomasranjit7781 Don't argue with people who are passionate of Bhaktology

    • @thomasranjit7781
      @thomasranjit7781 2 роки тому

      @@thewhistleblower2827 they are BJP paid IT cell workers, they will justify everything feku does...

    • @thewhistleblower2827
      @thewhistleblower2827 2 роки тому

      @@thomasranjit7781 These bhakts have been brainwashed about action being taken against the fraudsters. Even educated people have lost the critical thinking ability. So all are not Rs 2 BJP IT cell propagators.

  • @ashokdaga368
    @ashokdaga368 2 роки тому +5

    Let govt come with white papers on demonetization cost, suffering of common man, objective of govt, how much successful, claim of impossible to make fake currency of ₹500/- n 2000/-, logic for demonetization of ₹1000 notes n issuance of ₹2000/- notes, anarchy style of govt function like demonetization, lockdown enjoyment by political parties for election rallies n punishment to common man

  • @rejithomas7729
    @rejithomas7729 2 роки тому

    Even if the negative , the loss to our country, to Indian Citizens are proved also, do our SC have the power to penalize RBI or dismiss the RBI Governor, If so , please may do it. Minimum, implement the basic aim, penalize the people who had deposited the currency, 20 lakhs and more, which to be considered as black money. When all major business were happened through bank transactions. Otherwise, we ordinary Citizens stands as fools.

  • @srinivassc6281
    @srinivassc6281 2 роки тому +2

    Parliament is not empowered to demonatize currency.

  • @friendpatriot1554
    @friendpatriot1554 2 роки тому

    People who has no practical knowledge or ground reality in governance talk theory in courts as though they are going to achieve great things. waste of money time .

  • @spg6651
    @spg6651 2 роки тому

    How come SC Lawyers are expert in Neuro Surgery to Space technology including world economics .. This is strange -- despite so much argumentative justice delivery system, our country is full of corruption and " RIGHT TO CORRUPTION " may have to be added as Fundamental rights it appears .. I really do not understand Is courts solution for all the problem BHARAT is facing ? I doubt . !!!

  • @NSinghad
    @NSinghad 2 роки тому

    Denomination purpose solved in the form lank mark recover of revenue

  • @periramana8556
    @periramana8556 Рік тому

    questioning integrity ,.morality of individuals ,.let it be. shall not be mixed up legality of question at large law should be seen from aclear prism

  • @umeshchandramishra3210
    @umeshchandramishra3210 2 роки тому

    Very unfortunate disgusting people . God save this country

  • @manishdhengle2579
    @manishdhengle2579 2 роки тому

    Why sound suddenly stop, what's is the reason

    • @rahuljain1994
      @rahuljain1994 2 роки тому

      Sound is muted when judges discuss among each other it is annoying but i don’t really know the reason why I assume it might be to do with wrong interpretation by general public

  • @maheshgovindbandekar146
    @maheshgovindbandekar146 2 роки тому +9

    Judiciary should not interfere with the government policies.

    • @anuran.chowdhury
      @anuran.chowdhury 2 роки тому +3

      Yeah sure it shouldn't have intervened during the emergency as well when chintoos were locked up arbitrarily in jail.

    • @SJ-tm6iq
      @SJ-tm6iq 2 роки тому +1

      So you want a dictatorial regime?

    • @Kaustubh56
      @Kaustubh56 2 роки тому +1

      Mahesh is a typical Sanghi who doesn't understand things and yet shoots from the hip

    • @tpsaganesan
      @tpsaganesan 2 роки тому +3

      @@Kaustubh56
      So finance (former. P. C) can sell currency printing machine to a Pakistani fellow is legally.
      Corruption and illegal are just in democracy . Be realistic

    • @subbaraotanguturu9271
      @subbaraotanguturu9271 2 роки тому +2

      Supreme court once again went into Lutyens, LeLi people who hate present dispensation! They are reluctant to take Kashmiri pandits issue but irreversible demonization issue and even AP division issue that can't be reversed now. But reluctant their collegium system issue also. They became preachers but not practitioners!?

  • @danielmanohar9003
    @danielmanohar9003 2 роки тому

    How is the supreme court interested in a policy matter?

  • @RDayal-qr6ip
    @RDayal-qr6ip 2 роки тому

    Is the counsel arguing that the govt. in power cannot dictate to the Reserve bank on demonetisation or exchange as pokiticians so not have economic expertise that is expected from tbe reserve bank. It should be indenpendent of the Govt. in power in such decisions as the economics of the country is prior.Infact the economic policies and announcements ofht to have approval of the Reserve Bank .Almost like the SC on the validity of law and rules introduced /powers excercised by the Govt.

  • @sbos79
    @sbos79 2 роки тому +1

    If garanty has nothing to to do with legal tender ; is it then the govt must garanty on an illigal tender (ceased to be a legal tender) .. ? Isn't it related !
    Wasting of time by a cabal ..

  • @vishnubhat4891
    @vishnubhat4891 2 роки тому

    Common citizen doesn't have any issue with demonetisation. The court is colluding with vested interests,manipulators in grilling the RBI & Govt. In doing so court is wasting their time & energy and govt s as well. Please don't waste nation's time,energy,resources for your prejudices.

  • @anilbehl1901
    @anilbehl1901 2 роки тому

    Govt has given very authentic replies to the hon’ble jury. Well explained.

  • @sbos79
    @sbos79 2 роки тому +1

    He was fumbling in 20:00 to 24:00 .. as he couldn't establish his points to convince judges he started to accuse govt after that .. 😀😀

  • @BharatGandhiNehruAmbedkar
    @BharatGandhiNehruAmbedkar 2 роки тому +6

    As a layman, one felt that Demonetisation was anti-poor, anti-daily wage earners and anti-farmer. In the first place it was not warranted. It has not achieved any worthwhile.Further, the Government was very ill-advised.And also it behaved arrogantly and ignorantly in its implementation .

  • @pvmaiya1
    @pvmaiya1 2 роки тому +1

    Why does the Top Court think that Central Govt cannot even suggest a measure like demonetisation? or devaluation ? This is not practical. Again on the contrary, the Central Govt has authority to overrule any recommendation of the RBI. What is intriguing is Mr Chidambaram requesting the Court to pass a law so that such ’ misadventures’ are not resorted to by the Govt. This is horrific that the Court is asked to pass a law perhaps because Congress has no likelihood of passing any such law in the Parliament. My hope is that the Court will not take the bait which is not its right to do so ,opening another round of confrontation with the Govt. Let us end this case without much further ado

  • @ramprasadnayak3165
    @ramprasadnayak3165 2 роки тому

    First stop these press

  • @aritragupta4182
    @aritragupta4182 Рік тому

    I am not a lawyer and for sure didn't understand all the nuances in the arguments made by Shri Divan, but I feel he got a bit repetitive with his own argument of whether the government's guarantee survived the cancellation of the status as legal tender...
    Even AFTER he was asked to explain it in light of the provisions of Contract Law by Justice Ramasubramanian.

  • @yashodharvaidya3082
    @yashodharvaidya3082 2 роки тому

    Arguments on hypothetical situation?

  • @vinaysinha7598
    @vinaysinha7598 2 роки тому

    Wastage of time at the cost of hard earned mobey of poor Indians.

  • @sunsign2186
    @sunsign2186 2 роки тому

    Ab toh logo ka **** kar chuka h,
    Ab kyu tim waste kar rahe h,
    Guarantee toh Modi ne b kaha tha, agar Mari koi galti nikal jaye toh mujai jis chorahe pe .....
    Aaj BJP khud bol rahi h black presence in form of 2000 rupees
    Jab PM apni guarantee pe stand nahi

  • @dhillonsardar915
    @dhillonsardar915 Рік тому

    10,000 crore Punjab & Haryana m 500,1000 k note 2023 m b hai but Modi government ka wrong decision tha, itna kafi hai but hai bohat kuj

  • @ashokdaga368
    @ashokdaga368 2 роки тому +1

    ₹500/- n ₹1000/- unlimited usage for purchase of petroleum products but for others...

  • @gopalannp1881
    @gopalannp1881 2 роки тому +1

    Mr. Diwan is trying cleverly to hoodwink the basic question in this case "whether the PM was right in declaring the 500/1000 notes as not legal tender without going thru the due process".The SC has every right to examine this issue and if it is proved the due process is not followed prior to the declaration by PM,, it can strike down the demoni-
    tisation as illegal, and all other arguments of Mr. Diwan will fall to the ground.

  • @PremAsang
    @PremAsang 2 роки тому +2

    If there is a policy decision to deal with terrorism in kashmir, PM cannot be tried for murder, at the most it is a mistaken approach!

    • @subbaraotanguturu9271
      @subbaraotanguturu9271 2 роки тому

      Can we deal with China and even Pakistan but if India is of Pakistan's size and Pak India's size it could have swallowed India. Kashmir is Pak. Then!? Is Kashmir like killings happening to muslims in Hindu majority area!? Being in 95% they don't allow others live let alone weak, divided and non aggressive Hindus. Israel and China and western Christians are some what better not divided, politically illiterate Hindus. Kashmir is gone state and it's great if save WB, Assam and NE etc states where they are becoming majority slowly and strategically.

  • @sdar148
    @sdar148 2 роки тому +1

    All this drama results only, making Diwan ,Chidambaram Sibal etc rich by few lakhs ,Judges getting relief from their routine work and Citizen/tax payers becoming poorer by a crore or more

  • @sdar148
    @sdar148 2 роки тому

    Interesting ,but at yr cost ,my dear friend. Lawyers are not doing a free comedy for yu

  • @nationfirst6817
    @nationfirst6817 2 роки тому

    Supreme court should not interfere unnecessarily in executive matter instead it should concentrate on pending crores of cases.

  • @narayanjoshi9346
    @narayanjoshi9346 2 роки тому +1

    ARE JUDICIARIES SO MUCH VERSATILE TO UNDERSTAND EVERYTHING ON EARTH TO QUESTION DECISIONS OF MINISTERS AND CONSTITUTIONAL POST HOLDERS....FOR DEMONATIZATION REQUIREMENTS....OVERSTEPPING & INTERFERENCE OF JUDICIAL PROCESS SHOULD BE LIMITED TO THEIR FIELD.

  • @musicsday
    @musicsday 2 роки тому +1

    #jailtomodi

  • @MulderFoxy
    @MulderFoxy 2 роки тому

    Grammer ded at thumbnail sense cannot make it is the

  • @chandreshdave5063
    @chandreshdave5063 2 роки тому

    All judges are not in position to counter Shyam Diwan's Argument ,
    So they don't want to understand.
    ALL ARE WASTING TIME .

  • @venus-jj6si
    @venus-jj6si 2 роки тому +1

    No use of wasting time. This is an open and shut case.Central government has the power as per the constitution and rbi acts, central govt is the sole custodian.Central government never said it will not guarantee the value of the currency. They gave resonable time. Only the thing blck money holders couldn't make their black into white.This case is petitioned by chidambaram so court has enough time to waste. Where as if it would have been a comman man. The court would have rejected it by telling wasting the valuable time of the court.

    • @chethans5908
      @chethans5908 2 роки тому +1

      You are not the one who decides that.

    • @venus-jj6si
      @venus-jj6si 2 роки тому

      @@chethans5908 I was not knowing that

    • @chethans5908
      @chethans5908 2 роки тому +1

      @@venus-jj6si good that you know now

    • @venus-jj6si
      @venus-jj6si 2 роки тому

      @@chethans5908 when you gave advise then only i could come to know. I will seek your advise in future also. Because you are such a luminary.

    • @chethans5908
      @chethans5908 2 роки тому +1

      @@venus-jj6si thank you for appreciation.