SC upholds Bombay HC ruling quashing Yes Bank AT-1 write-off
In short
The Supreme Court backed the Bombay High Court order that quashed Yes Bank’s AT-1 bond write-off. The case goes back to March 2020, when Yes Bank wrote down ₹8,415 crore of AT-1 bonds to zero.
The ruling could leave Yes Bank facing liability above ₹13,000 crore, and its shares fell 14.43%. It is not stated in the available reporting how much the bank may finally have to pay.
What the reporting says
The Supreme Court upheld the Bombay High Court order quashing Yes Bank’s AT-1 bond write-off, according to publisher summaries. The dispute stems from March 2020, when Yes Bank wrote down AT-1 bonds worth ₹8,415 crore to zero during its rescue and reconstruction. The immediate consequence is potential liability above ₹13,000 crore and a 14.43% share drop, while the exact final payout remains unclear.
Why it matters
The Supreme Court upheld the Bombay High Court order quashing Yes Bank’s AT-1 bond write-off from March 2020. The earlier write-down, worth ₹8,415 crore, had wiped out bondholders’ investments as part of the bank’s rescue and reconstruction. Publisher summaries say liability may exceed ₹13,000 crore and that shares fell 14.43%. The final financial outcome remains uncertain.