From The Economic Times · Reuters · · 1m
Yes Bank seeks Supreme Court review of AT-1 bond write-off
Yes Bank files Supreme Court petition to reverse $893.81m AT-1 bond write-off order.
In brief
Yes Bank files Supreme Court petition to reverse $893.81m AT-1 bond write-off order. Yes Bank has petitioned the Supreme Court to review a court order that canceled the write-off of 84.15 billion rupees ($893.81 million) of its AT-1 bonds. Originally reported by The Economic Times.
Yes Bank files Supreme Court petition
Yes Bank has filed a petition in the country's apex court seeking a review of the court judgment that set aside the write-off of 84.15 billion rupees ($893.81 million) of its additional tier-1 bonds.
Bondholders file contempt petition
Axis Trustee Services, acting on behalf of bondholders, filed a contempt petition in the Supreme Court alleging Yes Bank's failure to provide a 'concrete roadmap' for restoring bonds.
Supreme Court upholds Bombay High Court ruling
The Supreme Court upheld a Bombay High Court ruling that set aside the write-off of Yes Bank's AT-1 bonds last month.
AT-1 bonds written off after restructuring
Yes Bank's AT-1 bonds were written off following a restructuring scheme that brought in new investors.
The main idea
Yes Bank has petitioned the Supreme Court to review a court order that canceled the write-off of 84.15 billion rupees ($893.81 million) of its AT-1 bonds.
