Yes Bank moves SC seeking review of order on writing off of Rs 8,415 cr AT-1 bonds
Detailed summary
Yes Bank has filed a petition with the Supreme Court to review an order from October 15. This order upheld a Bombay High Court ruling that quashed the bank's decision to write off…
Yes Bank has filed a petition with the Supreme Court to review an order from October 15. This order upheld a Bombay High Court ruling that quashed the bank's decision to write off AT-1 bonds. These bonds, worth Rs 8,415 crore, were questioned during Yes Bank's financial difficulties. The high court ruled that the bank's administrator lacked authority for such a write-off.
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