# Yes Bank seeks Supreme Court review of bond write-off order

> Yes Bank moves Supreme Court to review order quashing Rs 8,415 cr AT-1 bonds write-off.
- Title: Yes Bank seeks Supreme Court review of bond write-off order
- Summary: Yes Bank moves Supreme Court to review order quashing Rs 8,415 cr AT-1 bonds write-off.
- Keywords: yes bank, supreme court, additional tier 1 bonds, bombay high court, rbi, bond write-off, rs 8415 cr, The Economic Times
- Source: The Economic Times — https://economictimes.indiatimes.com/markets/bonds/yes-bank-moves-sc-seeking-review-of-order-on-writing-off-of-rs-8415-cr-at-1-bonds/articleshow/135830873.cms
- Author: PTI
- Published: 2026-11-14T11:10:00+00:00
- Read time: 2 min
- Topics: yes bank, supreme court, additional tier 1 bonds, bombay high court, rbi, bond write-off, rs 8415 cr, money, business
## Yes Bank moves Supreme Court
Yes Bank has filed a petition with the Supreme Court to review an order from October 15 that upheld a Bombay High Court ruling quashing the bank's decision to write off Additional Tier 1 bonds.
## AT-1 bonds write-off decision
The bank's administrator wrote off Additional Tier 1 bonds worth Rs 8,415 crore on March 14, 2020, after the Centre imposed a moratorium on Yes Bank under section 45 of the Banking Regulation Act, 1949.
## Bombay High Court ruling
The Bombay High Court quashed the write-off decision on January 20, 2023, stating the administrator lacked authority to write off the bonds without specific provisions in the reconstruction scheme.
## Supreme Court's concerns
The Supreme Court noted the RBI allowed Yes Bank's CET1 ratio to drop to 0.6 per cent while the bank operated in a clandestine manner, raising concerns about investor fairness.
## RBI's role questioned
The Supreme Court criticized the RBI for being a mere bystander during Yes Bank's financial decline, which led to criminal prosecutions against bank personnel.
## High court's order
The high court held the final reconstruction scheme did not include writing down AT-1 bonds and had invited objections to the write-off decision.
## Current legal status
The Supreme Court order is in abeyance, allowing the RBI and Yes Bank to appeal against the Bombay High Court's decision.
## AT-1 bonds explained
Additional Tier 1 bonds are perpetual bonds issued by banks to increase capital, riskier than traditional bonds with higher interest rates.
## Next steps
Yes Bank seeks Supreme Court review of the October 15 order to challenge the Bombay High Court's quashing of the bond write-off decision.
## Key takeaway

Yes Bank has filed for Supreme Court review of a Bombay High Court order that quashed its administrator's decision to write off Rs 8,415 crore of Additional Tier 1 bonds in March 2020.