Wednesday, October 7, 2020

Yes Bank Case: Madras HC upholds legal validity of RBI’s circular on Additional Tier 1 Capital Bonds [Read Judgment]

Tier 1 Capital Bonds - Yes Bank - legal - RBI - circular - TaxscanThe Madras High Court while dismissing a plea by investors of Yes Bank upheld the legal validity of the Reserve Bank of India’s (RBI) circular on additional Tier 1 Capital bonds. Yes Bank’s AT1 bonds worth Rs 8415 crore were written down to zero in March as part of a government approved restructuring plan for […]

from Taxscan | Simplifying Tax Laws https://ift.tt/3jEOQ1q

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