Supreme Court extends stay on order quashing write-off of Yes Bank's AT1 bonds

​​The top court was hearing the appeal by Yes Bank against a Bombay High Court ruling that had set aside an administrator's decision to write off AT1 bonds worth 84.5 billion rupees ($1.03 billion) in March 2020 as a part of the lender's restructuring initiated by the Reserve Bank of India.

from Banking/Finance-Industry-Economic Times https://ift.tt/DAGylQi