From The Hindu BusinessLine
Owned by The Hindu Group (Kasturi & Sons)Yes Bank moves Supreme Court to review ruling on ₹8,415-crore AT-1 bond write-off
What's behind this
YES Bank has filed a review petition in the Supreme Court challenging the October 15 ruling that overturned the ₹8,415 crore write‑off of its additional tier‑1 (AT‑1) bonds. The Supreme Court had earlier dismissed appeals by the bank, the Reserve Bank of India and the Centre, upholding a Bombay High Court order that the bank’s administrator lacked authority to write down the bonds as part of the 2020 rescue. The review petition follows a contempt petition by bondholders, filed through Axis Trustee Services, seeking a concrete roadmap to restore the written‑off bonds.
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RSS excerpt
The lender’s latest move follows a contempt petition by bondholders seeking a concrete roadmap to restore the written-off bonds
