Supreme Court Rejects Yes Bank's Rs 8,415 Crore AT1 Bond Write-off

• The Supreme Court upheld the Bombay High Court's decision to quash Yes Bank's write-off of Additional Tier 1 (AT1) bonds worth ₹8,415 crore.
• The ruling concludes a six-year legal dispute that began during Yes Bank's 2020 restructuring.
• Japan's Sumitomo Mitsui Banking Corp (SMBC) is now the largest shareholder in Yes Bank.
• Yes Bank's shares crashed by 20% following the Supreme Court's ruling.
• The decision deals a blow to Yes Bank, affecting its financial restructuring efforts.