# Yes Bank files Supreme Court review petition on AT-1 bond write-down 2026-11-13T16:31:24+00:00 | Governance | Indian Opinion Desk Corroboration: 3 independent outlets Outlets counted: business-standard.com, businessupturn.com, scanx.trade Yes Bank has filed a review petition in the Supreme Court under Article 137 against the October 15, 2026 judgment that quashed its March 2020 write-down of Rs 8,415 crore in Additional Tier-1 (AT-1) bonds. The bank disclosed the filing in an exchange filing on Friday, 13 November 2026, and said any material developments will be disclosed as per listing regulations. Business Standard reports that the dispute involves two bond issuances: Rs 3,000 crore at 9.5% coupon issued in December 2016 and Rs 5,415 crore at 9% coupon issued in October 2017. The bank had written down the instruments in March 2020 as part of RBI's reconstruction exercise when it was grappling with bad loans. The Supreme Court upheld the Bombay High Court's January 2023 ruling that restored the bonds. Axis Trustee Services had threatened contempt proceedings over alleged non-compliance with the judgment. Yes Bank has described the trustee's assertions as baseless and without merit. The bank had earlier indicated that reinstatement of the principal could impact its Common Equity Tier-1 capital ratio by around 250 basis points based on the June 2026 position. Update, 13 November 2026: Business Standard reports that the review petition was filed on 13 November 2026, and that the bond issuances were worth Rs 3,000 crore and Rs 5,415 crore. It adds that the bank had earlier indicated reinstatement could impact its Common Equity Tier-1 ratio by around 250 basis points based on the June 2026 position. ## Indian Opinion Analysis All four sources report the review petition neutrally, without pro-government or critical framing. Business Standard provides the most detail on the bond terms and the capital ratio impact, while scanx.trade and Business Upturn stick closely to the exchange filing. TradingView's headline-only report adds no framing. The uniform straight-reporting coverage suggests no political dimension to this legal dispute. The next concrete development to watch is the Supreme Court's decision on whether to entertain the review petition. ## Coverage Coverage: 4 sources, 4 neutral - scanx.trade (neutral report) Straight factual report on bank's filing and trustee letter - businessupturn.com (neutral report) Regulatory filing-based report with no slant - business-standard.com (neutral report) Detailed but neutral report including capital impact Background, not counted: tradingview.com This brief was synthesised by AI from the 4 sources linked above, so one read covers every framing they carry. Tags: AT-1 bonds, Axis Trustee Services, Supreme Court, Yes Bank Canonical: https://indianopinion.org/yes-bank-files-review-petition-in-supreme-court-on-at-1-bonds/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/yes-bank-files-review-petition-in-supreme-court-on-at-1-bonds/#story-in-brief Gate decision: pass (pass: linked qualifying outlets 3 of 4, relevance 9) Freshness: pass (fresh: newest qualifying source 2026-11-13 16:09Z (feed), 0.7 h old) Image: none. How this brief was made: an AI model read the reports linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. Stance labels are editorial classifications of how each outlet framed this story, assigned by the same model, not ratings of the outlets. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/