Axis Trustee files contempt plea against Yes Bank over AT-1 bonds
New Delhi, Nov. 11 -- Axis Trustee Services Ltd has filed a contempt petition in the Supreme Court against Yes Bank Ltd and certain officials and directors for allegedly failing to comply with the court's 15 October judgment restoring Rs.8,415 crore of additional tier-I (AT-1) bonds, it informed bondholders on Wednesday.
The petition, filed on 6 November, seeks directions for compliance with the judgment and restoration of the bonds.
In an email communication to bondholders, Axis Trustee said it had moved the court because it "had not received any concrete roadmap from the bank regarding restoration/reactivation of the bonds" and implementation of the judgment.
The Axis Bank Ltd subsidiary said it would pursue all remedies available un...
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इस लेख के रीप्रिंट को खरीदने या इस प्रकाशन का पूरा फ़ीड प्राप्त करने के लिए, कृपया
हमे संपर्क करें.