Finance Minister Arun Jaitley on Thursday hit back at Congress President Rahul Gandhi for his allegation that demonetisation helped "15-20 biggest crony capitalists", dubbing it as fictitious.

"Little knowledge is dangerous. Rahul Gandhi's fiction on demonetisation helping NPA holders, forgets that the Modi government legislated and enforced the IBC (the Insolvency and Bankruptcy Code) where the NPA defaulters lost their companies," he tweeted.