India Supreme Court Clarifies Yes Bank AT-1 Bonds as Debt
The Supreme Court upheld the Bombay High Court's ruling that Yes Bank's AT-1 bonds are debt securities and cannot be permanently written off, according to Ashvin Parekh.
The Supreme Court's (SC) decision to uphold the Bombay High Court's ruling on Yes Bank's Additional Tier-1 (AT-1) bonds has clarified that the instruments are debt securities and cannot be permanently written off, according to Ashvin Parekh, Managing Partner at Ashvin Parekh Advisory Services.The v…