SC may uphold Bombay HC order quashing the write-off of YES Bank AT1 bonds
- Money control - 13-02-2023
The Supreme Court (SC) is likely to uphold the Bombay High Court’s order in the Yes Bank additional tier 1 (AT1) bond case. Last month, the Bombay High Court (HC) quashed the decision to write off Yes Bank AT1 bonds worth Rs 8,415 crore, providing relief to the investors.
Our Partner Aman Avinav while stating that the judgment is well-reasoned shared with moneycontrol.com, that, "only if the SC disagrees with the reasoning provided by the HC would it set aside the High Court judgment".
He added that the SC would consider whether there are tenable grounds to interfere with the HC judgment.Read More