Supreme Court rules against Yes Bank's write-off of Rs 8,415 crore AT1 bonds

The Supreme Court has ruled against Yes Bank’s decision to write off additional tier 1, or AT1, bonds valued at ₹8,415 crore.

Ruling concerns major bond write-off

The case relates to Yes Bank’s write-off of the AT1 bonds. The Supreme Court’s decision goes against that write-off, placing the ₹8,415 crore transaction at the centre of the ruling.

The judgment is a significant development in the dispute involving Yes Bank and holders of its AT1 bonds. The available information does not provide further details on the court’s reasoning, the next steps for the bank or the treatment of the affected bondholders.

What is known

• The Supreme Court ruled against Yes Bank’s AT1 bond write-off.
• The bonds involved were valued at ₹8,415 crore.
• The decision concerns Yes Bank.
• The securities involved are AT1 bonds.
• No further outcome or implementation details were provided.