turns out the bank's magic eraser doesn't work on the Supreme Court.
India Supreme Court rules Yes Bank's AT1 bond write-off illegal
The Supreme Court of India has overturned the decision to write off AT1 bonds issued by Yes Bank. This ruling invalidates the bank's previous move to reduce these specific liabilities to zero during its restructuring. The decision now forces the financial institution to address the bond obligations it claimed were erased.
Source: India Supreme Court rules Yes Bank's AT1 bond write-off illegal — marketscreener.com
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