New Delhi, Oct. 26 -- The contours of the Yes Bank Additional Tier 1 case are now known to all investors. The entire quantum of Rs.8,415 crore was written off.

Aggrieved investors moved the Bombay high court, which overturned the decision to write it off. This decision was challenged in the Supreme Court, which upheld the order of the Bombay high court. Now the issue is about the pending coupon (interest).

The Securities and Exchange Board of India (Sebi) took some measures as a fallout of the write-off of Yes Bank's AT1 bonds in March 2020. On 6 October 2020, Sebi notified that only qualified institutional buyers would be allowed to participate in the issuance of AT1 instruments. The circular stated that the minimum allotment of AT1 in...