Yes Bank seeks Supreme Court review of AT-1 bond ruling
In short
Yes Bank has gone back to the Supreme Court to ask for a review of its October order on AT-1 bonds. The order had overturned the ₹8,415 crore write-off of the bank’s additional tier-1 bonds.
This matters to bondholders and the bank because the dispute over whether the bonds should be restored is still active.
What the reporting says
Yes Bank has approached the Supreme Court seeking a review of its October judgment that overturned the ₹8,415 crore write-off of its additional tier-1 bonds. The move follows a contempt petition filed by Axis Trustee Services on behalf of bondholders, which accused the bank of failing to provide a clear plan to restore the bonds. The case keeps the dispute over the AT-1 bonds alive.
Why it matters
Yes Bank has filed a Supreme Court petition seeking review of the court’s October judgment that overturned the ₹8,415 crore write-off of its additional tier-1 bonds. The case is important for Yes Bank and holders of the AT-1 instruments.