SC puts on hold Bombay HC ruling on AT-1 bond write-off, relief for Yes Bank! – The Economic Times Video

The Supreme Court docket on Friday issued notices to Axis Trustee Providers Ltd on a batch of appeals filed by the Reserve Financial institution of India (RBI) and others difficult a Bombay Excessive Court docket order quashing a choice of the Sure Financial institution Administrator to jot down off Extra Tier 1 (AT-1) bonds. The highest courtroom additionally prolonged the keep on the operation of the Bombay Excessive Court docket order quashing the choice of the Sure Financial institution Administrator to jot down off AT-1 bond value Rs 8,415 crore as a part of the bailout in March 2020.