On twitter we are busy debating if AT1 is senior to equity or whether this sets a bad precedent. But the court didn't go into there! The case turned on a technicality, but the suffering of the those mis-sold AT1 bond holders is very real. We should not forget that for a moment
@CNBCTV18News Shame on the Yesbank administrator-who had written down AT-1 bonds. Many innocent senior citizens were sold these bonds as super FD, one of the frauds put under the carpet. He should b sacked unseen hands at play.
Convinced of the HC decision .
In a blow for #YesBank, the #BombayHighCourt set aside the order of its administrator, which had written down AT-1 bonds of more than Rs 8,300 crore.
The court has given 6 weeks to Yes Bank to implement its order.
https://t.co/RpvyV0Hnmo
I think u r not able to understand what @YESBANK did with us in the name of super fixed deposit with existing clients of yes bank. u r not a sufferer so u will never understand our pain. At least show some respect to our judiciary. Shame on u.
Yes Bank: Bombay HC Sets Aside RBI's Order Writing Off AT1 Bonds Worth Nearly Rs8,500 Crore
https://t.co/V3QlqCcfwN
via Moneylife App. Download Now : https://t.co/oCY4nDLtoz @suchetadalal@Moneylifers@yogtoday
@_Mukul@suchetadalal@RBI Deepak Shenoy Your views are biased as you don’t know how the laws were broken and AT1 bonds were marketed to Individuals and Senior citizens whose source of day to day living was from Interest income from AT1 bonds. Many Senior citizens and families have suffered during last 3 y
@suchetadalal@RBI Thanks @suchetadalal so much for your help during early days of this fiasco.
BTW, some people are unable to comprehend and are very unhappy.
@deepakshenoy@deepakshenoy .. Clear your basics on this matter before uttering WTF.. You don't know anything beyond a definition. I can enlighten you over this matter, if you don't use such foul words..