The private lender filed a review petition under Article 137 of the Constitution against an October 15 Supreme Court ruling that favored bondholders. This legal maneuver came shortly after bondholder representative Axis Trustee Services filed a contempt petition alleging the bank lacked a plan to restore the debt. Reinstating the debt would lower the bank's common equity tier-1 capital ratio by approximately 240 basis points, creating substantial balance sheet pressure. While shares have experienced a partial 15% recovery in November, market sentiment remains cautious after an earlier 28% drop.
Key points
The legal dispute over the State Bank of India-led rescue write-down continues to threate…: The legal dispute over the State Bank of India-led rescue write-down continues to threaten the bank's capital reserves.
YES Bank stock remains down 19.35% overall despite staging a recent 15% monthly rebound.: YES Bank stock remains down 19.35% overall despite staging a recent 15% monthly rebound.
Bondholders represented by Axis Trustee Services are actively pressing the judiciary to e…: Bondholders represented by Axis Trustee Services are actively pressing the judiciary to enforce the bond restoration.
Sources checked by our analysis pipeline: 1
aimeShares of YES Bank are likely to remain in focus on Monday after the private sector lender approached the Supreme Court seeking a review of its October 15 judgment concerning the write-down of Additional Tier-1 (AT-1) bonds worth ₹8,415 crore, reopening a legal battle over the controversial financial instruments.
In a regulatory filing on Friday, the lender said it had filed a review petition under Article 137 of the Constitution of India, seeking a review of the Supreme Court's judgment and order dated October 15, 2026.
The review petition comes days after Axis Trustee Services, acting on behalf of bondholders, filed a contempt petition in the Supreme Court, alleging that the lender had failed to provide a "concrete roadmap" for restoring the bonds and implementing the court's judgment.
In a notice dated October 28, Axis Trustee Services Ltd, which represents investors holding the bonds, asked YES Bank's managing director and board to restore the bonds in its register of holders to their status before the March 2020 write-down. The development was reported in a letter the trustee sent to the…
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