India Supreme Court Rules YES Bank’s ₹8,400 Crore AT1 Bond Write-Off Illegal
The Supreme Court ruled that YES Bank’s 2020 write-off of ₹8,400 crore in AT1 bonds was illegal and arbitrary, offering relief to bondholders.
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UPDATE 1 — India Supreme Court rules Yes Bank's $884 — million AT1 bond write — off illegal, lawyer says
(Adds details and background throughout) By Arpan Chaturvedi and Ashwin Manikandan NEW DELHI/MUMBAI, Oct 15 (Reuters) — India's Supreme Court has ruled the write-off of 84 billion Indian rupees ($884.37 million) of Yes Bank additional tier-1 bonds as illegal, a Supreme Court lawyer related to the matter said on Thursda
India Supreme Court rules Yes Bank's AT1 bond write — off illegal
BENGALURU, Oct 15 (Reuters) — India's Supreme Court has ruled the write-off of 84 billion Indian rupees ($884.47 million) of Yes Bank additional tier-1 bonds as illegal, a lawyer said on Thursday. ($1 = 94.9725 Indian rupees) (Reporting by Nishit Navin in Bengaluru; Editing by Leroy Leo) ((Nishit.Navin@thomsonreuters.c