63 moons & others win AT1 bonds case against Yes Bank in Hon’ble Bombay HC

63 moons had filed a petition in the High Court against the bank's decision to write off the AT1 bonds as part of a rescue plan

Team PGurus

January 20, 2023

63 moons had filed a petition in the High Court against the bank's decision to write off the AT1 bonds as part of a rescue plan

Major relief to 63 moons and others

63 moons had an Rs.300 crore investment in the AT1 bond of Yes Bank
Lakhs of bondholders will also benefit

Mumbai, January 20, 2023: In a major relief to 63 moons and others, the Bombay High Court today set aside the order of Yes Bank administrator which had written down AT1 bonds of more than Rs.8,300 crore overnight leaving investors high and dry.

This will benefit all bondholders including 63 moons technologies which held bonds worth Rs.300 crore.

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