Supreme Court rules against Yes Bank's write-off of Rs 8,415 crore AT1 bonds
The Supreme Court confirmed the decision of the Bombay High Court regarding Yes Bank's AT1 bonds.
This ruling impacts ₹8,415 crore in bonds written off during the bank's 2020 restructuring.
The court noted that the administrator lacked the authority to write down these bonds.
Bondholders had contested the write-off, citing mis-selling of the securities.
Yes Bank is now obligated to repay the bonds along with accrued interest.
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