Date: 15 October 2026
Verdict time: Reported on 15 October 2026; exact pronouncement time to be confirmed
Case value: ₹8,415 crore
| Detail | Verified information |
|---|---|
| Winning party | Axis Trustee Services Ltd. and affected AT1 bondholders |
| Losing party | YES Bank and the parties defending the bond write-off |
| Final court | Supreme Court of India |
| Earlier judgment | Bombay High Court, January 2023 |
| Supreme Court outcome | Bombay High Court's decision upheld |
| Amount involved | ₹8,415 crore |
| Stock market reaction | Reports indicate a fall of around 15%; a 16% intraday fall needs confirmation from exchange data |
The Supreme Court ruled that YES Bank's 2020 write-off of AT1 bonds worth ₹8,415 crore was illegal, upholding the Bombay High Court's ruling. This was a significant victory for the bondholders.
| Role | Advocate |
|---|---|
| Lead Counsel | Senior Advocate Janak Dwarkadas (7 to 15 lakh per hearing) |
| Law Firm Support | Manilal Kher Ambalal & Co. |
| Party | Advocate |
|---|---|
| Yes Bank | Senior Advocate Kapil Sibal (8 to 22 Lakh per hearing) |
| RBI & Central Government | Solicitor General Tushar Mehta (22 to 50000 per hearing) |
| Earlier Representation (Yes Bank/RBI) | Senior Advocate Ravi Kadam |
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