The Supreme Court has upheld the Bombay High Court’

The Supreme Court has upheld the Bombay High Court’s decision quashing YES Bank’s ₹8,415 crore Additional Tier-1 (AT-1) bond write-off carried out during the bank’s 2020 restructuring. The court found no reason to interfere with the earlier judgment, creating a major setback for YES Bank because the write-off has been invalidated and bondholders’ claims may need to be addressed according to the applicable legal process. Following the news, YES Bank shares fell sharply, reportedly around 10–13% during the day, as investors worried about potential financial liabilities, interest obligations and the impact on the bank’s profitability and capital position. The exact repayment implications will depend on the judgment and subsequent legal steps. For shareholders, this is a negative development in the short term, and the stock may remain volatile; investors should monitor the bank’s official clarification and any further regulatory developments before making decisions