YES Bank files a petition in the Supreme Court seeking a review of an October 15 ruling that overturned the bank’s ₹8,415-crore AT-1 bond write-off. The move comes after bondholders, through a trustee, file a contempt petition alleging the bank has not complied with the court order.
The October 15 Supreme Court decision dismisses appeals by YES Bank, the Reserve Bank of India and the Centre, and upholds a Bombay High Court finding that the lender’s administrator lacked authority to write down the bonds during the bank’s 2020 rescue. Outlets frame the latest step as part of an ongoing process over enforcement and possible restoration of the written-off securities.
Several reports also highlight that the bondholders are pressing for a clear roadmap to comply with the AT-1 judgment, with the trustee seeking directions to restore the value of the bonds mentioned in the rulings. Across coverage, the central focus is the Supreme Court challenge by YES Bank and the concurrent contempt proceedings initiated by bondholders.
