RegulatoryEconomic Times
Yes Bank moves SC seeking review of bond write-off order
Negative-666 sources
GreyOak summary
Yes Bank has approached the Supreme Court to review an order upholding the Bombay High Court's decision to quash the write-off of Rs 8,415 crore in Additional Tier 1 bonds. The High Court ruled the administrator lacked authority as the reconstruction scheme did not include provisions for writing down these bonds. The Supreme Court had previously dismissed appeals challenging the High Court's January 2023 judgment.
What it affects
- Yes BankYESBANKNegative -66
Yes Bank seeks SC review on bond write-off.Rolling sentiment Negative -51
Source
Read the original at Economic TimesMore Yes Bank news
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