Legal Updates 17 October 2026
Yes Bank Explores Legal Moves After Supreme Court Upholds AT‑1 Bond Verdict
India’s Supreme Court confirmed the writ for a write‑down of Yes Bank’s Additional Tier‑1 (AT‑1) bonds, a decision that triggered a sharp market reaction. In response, Yes Bank announced it is reviewing every legal avenue to challenge or mitigate the ruling, while Kotak Mahindra Asset Management disclosed it had already halted new subscriptions to two of its debt mutual funds pending further clarity.
Supreme Court Decision: The court upheld the verdict ordering a write‑down of Yes Bank’s AT‑1 bonds, intensifying pressure on the lender.
Bank’s Response: Yes Bank says it is evaluating all legal options to contest or mitigate the ruling. Kotak Mahindra Asset Management noted it had already suspended subscriptions to two debt‑mutual‑fund schemes ahead of the judgment.
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