RegulatoryEconomic Times
Yes Bank files Supreme Court petition seeking review of AT-1 bond order
Negative-672 sources
GreyOak summary
Yes Bank filed a petition in the Supreme Court seeking a review of a judgment that set aside the write-off of 84.15 billion rupees in its additional tier-1 bonds. This follows a Supreme Court order last month ruling the write-off impermissible after the administrator acted under an erroneous impression regarding post-restructuring powers. The bank had previously been declared insolvent six years ago.
What it affects
- Yes BankYESBANKNegative -67
Rolling sentiment Negative -40
Source
Read the original at Economic TimesMore Yes Bank news
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