✉news WorldLaw & Courts first seen 2 d ago, last 1 d ago, peak #4
India's top court voids Yes Bank's $880 million AT-1 bond write-off
India's Supreme Court has struck down Yes Bank's controversial write-off of around $880 million in additional tier-1 (AT-1) bonds, a move made during the lender's 2020 rescue that wiped out retail investors. The ruling means bondholders may recover their money, and it has raised questions across Indian banking about how AT-1 instruments are treated in future bank resolutions.
Why now: The Supreme Court ruling reverses a high-profile write-off that hit thousands of investors and sets a precedent for bank rescue cases.
Yes BankSupreme Court of IndiaReserve Bank of India
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