The Supreme Court upheld the decision quashing the write-off of ₹8,415 crore in YES Bank additional tier-one bonds, according to reports on 15 October. The dispute arose from the bank’s reconstruction in March 2020.
The ruling left standing the Bombay High Court’s decision on the administrator’s authority to extinguish the instruments. YES Bank subsequently said it was examining the judgment and its implications.
The outcome concerns the specific decision challenged in this litigation. It does not by itself establish that payments have already reached bondholders or that all AT1 instruments are protected from losses in every future banking resolution.