Yes Bank moves SC seeking review of order on writing off of Rs 8,415 cr AT-1 bonds
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...
Key Takeaways
- 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.
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.
Original Publisher Attribution
This summary was curated from Economic Times.