Yes Bank AT-1 Bond Case: Lender Rejects Non-Compliance Allegations After SC Verdict
Yes Bank has rejected allegations of wilful disobedience raised by Axis Trustee Services over the delay in restoring Rs 8,415 crore worth of Additional Tier-1 (AT-1) bonds, whose write-off was recently overturned by the Supreme Court. The dispute has escalated after Axis Trustee Services demanded that the lender reinstate the bonds within three days of…