Yes Bank Limited & Anr v. Axis Trustee Services Limited & Ors
2026 INSC 113215 October 202615 min read
Supreme Court: Administrator Cannot Write Down AT-1 Bonds After Reconstruction Scheme Omits Power
The Supreme Court upheld the quashing of Yes Bank's write-down of AT-1 Bonds worth Rs. 8,415 crores, holding that the Administrator exceeded his authority after the Reconstruction Scheme omitted the write-down clause.
Case Snapshot
- Case Name
- Yes Bank Limited & Anr. v. Axis Trustee Services Limited & Ors.
- Citation
- 2026 INSC 1132
- Bench
- Justice Dipankar Datta and Justice Augustine George Masih
- Date of Judgment
- October 15, 2026
- Area of Law
- Banking Law — Reserve Bank of India Master Circular on Basel III Capital Regulations — AT-1 Bonds — Write-Down — Reconstruction Scheme
✦
Unlock Full Judgment Analysis
Subscribe to access the complete breakdown of this judgment and all premium research sections.
The Judgment in One Line
Background
Issues Before the Court
Court's Analysis
Decision
Why This Judgment Matters
Already a subscriber? Log in
Premium Content Locked