India, Oct. 15 -- Yes Bank shares have faced a lot of selling pressure on October 15, 2026, after the Indian Supreme Court upheld the Bombay High Court's decision to nullify the bank's write-off of AT-1 bonds totaling Rs.8,415 crores. The ruling is a critical development in the legal battle between Yes Bank and its bondholders challenging the write-off of their bonds in 2020.

The ruling has sparked concerns regarding the financial implications of the decision as well as what could happen to the bonds and the effects it will have on investor confidence. Although the ruling provides relief to the bondholders who opposed the write-off, the recovery process and time involved remain critical issues.

The legal battle began in 2020 when the ba...