Yes Bank bondholders press for compliance with Supreme Court's AT-1 order
Yes Bank bondholders filed a contempt petition in the Supreme Court regarding the restoration of AT-1 bonds. The Supreme Court upheld a ruling that set aside the lender's write-off of 84 billion rupees in bonds. Axis Trustee Services, representing the bondholders, asked for directions to enforce the court's ruling. Yes Bank had not complied with the...
Key Takeaways
- Yes Bank bondholders filed a contempt petition in the Supreme Court regarding the restoration of AT-1 bonds.
- The Supreme Court upheld a ruling that set aside the lender's write-off of 84 billion rupees in bonds.
- Axis Trustee Services, representing the bondholders, asked for directions to enforce the court's ruling.
Yes Bank bondholders filed a contempt petition in the Supreme Court regarding the restoration of AT-1 bonds. The Supreme Court upheld a ruling that set aside the lender's write-off of 84 billion rupees in bonds. Axis Trustee Services, representing the bondholders, asked for directions to enforce the court's ruling. Yes Bank had not complied with the restoration order, prompting the trustee's legal action.
Original Publisher Attribution
This summary was curated from Economic Times.