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YES Bank Crisis: L&T Moves Bombay HC Against RBI's Decision to Invalidate Additional Tier 1 Bonds
Nitish Kashyap
12 March 2020 1:13 PM IST
Larsen and Toubro have moved the Bombay High Court against the Reserve Bank of India's decision to invalidate the Additional Tier 1 bond of the crisis-hit YES bank as per a newly proposed reconstruction scheme. L&T's writ petition under the Banking Regulation Act comes after Axis Trustee Services Limited (ATSL), the largest bondholder, already approached the High Court against RBI's...
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