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

New Delhi: The Supreme Court Thursday upheld the Bombay High Court’s decision quashing Yes Bank‘s write-off of Additional Tier 1 (AT1) bonds worth ?8,415 crore during the struggling lender’s 2020 restructuring, dealing a blow to the bank in which Japan’s Sumitomo Mitsui Banking Corp (SMBC) is now the largest shareholder.…

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