Supreme Court Upholds Bombay HC Order Quashing YES Bank’s Rs 8,415 Crore AT1 Bond Write-Off
The Supreme Court has upheld the Bombay High Court’s ruling that invalidated YES Bank’s write-off of Rs 8,415 crore in additional tier-1 bonds, delivering a major victory to bondholders who challenged the March 2020 restructuring. The decision strengthens the legal position of both institutional and retail investors seeking recovery, while reopening scrutiny of how the rescue of the private lender was executed.
