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6. We are not impressed inasmuch as this is a laudable step, as suggested by Mr.Prabhuling K.Navadgi, learned Additional Solicitor General, in issuing the notification. He submits that there are large number of fake currencies in India and there is, already, a parallel economy running. The authorities thought it fit and proper to tackle with the situation by demonetization.

The persons, who had valid money which could be accounted for, had no difficulties, but the persons, who had unaccounted money without any valid explanations, would suffer.

7. We are aware that in the wake of insurgencies and running of a parallel economy, which is ruining the backbone of the Indian economy, a major step was necessary. It is true that there are initial problems. Any new system will have some initial problems. We do not think this would be perennial.

8. We do not find any reason to doubt the bona fide of the Central Government for implementing the demonetization.

9. We do not find any merit in the writ petition.