aimeShares of YES Bank are likely to remain in focus on Monday after the private sector lender approached the Supreme Court seeking a review of its October 15 judgment concerning the write-down of Additional Tier-1 (AT-1) bonds worth ₹8,415 crore, reopening a legal battle over the controversial financial instruments.
In a regulatory filing on Friday, the lender said it had filed a review petition under Article 137 of the Constitution of India, seeking a review of the Supreme Court's judgment and order dated October 15, 2026.
The review petition comes days after Axis Trustee Services, acting on behalf of bondholders, filed a contempt petition in the Supreme Court, alleging that the lender had failed to provide a "concrete roadmap" for restoring the bonds and implementing the court's judgment.
In a notice dated October 28, Axis Trustee Services Ltd, which represents investors holding the bonds, asked YES Bank's managing director and board to restore the bonds in its register of holders to their status before the March 2020 write-down. The development was reported in a letter the trustee sent to the bondholders' association on Thursday, accessed by Mint.
Earlier, Reuters reported, citing sources, that YES Bank was preparing to seek a review of the ruling after it refused to pay coupons due this year on its AT-1 bonds, despite the Supreme Court's judgment.