Banking cases

3 verified cases involving Banking, newest first.

Closed·1 hour ago

Axis Trustee Services vs Yes Bank Limited — AT1 Bond Write-off Dispute

The Supreme Court dismissed the appeal filed by Yes Bank against a Bombay High Court order that had quashed the bank's decision to write off Additional Tier 1 (AT1) bonds worth ₹8,415 crore. The write-off had occurred during the bank's 2020 reconstruction process, which the court ultimately found to be unsustainable.

BankingCorporate Law

Maharashtra·2·Court matter

Judgment delivered·3 days ago

Deposit holder vs Bank — Interest rate reduction dispute on fixed deposit

The Delhi High Court addressed a dispute regarding the unilateral reduction of interest rates on a fixed deposit of Rs 5.89 crore. The bank had reduced the interest rate from 7.75% to 3.5% citing non-renewal of the deposit upon maturity, a decision the court ruled was arbitrary and unsupported.

BankingContract Law

Delhi·2·Court matter

Under investigation·2 years ago

CBI vs Transstroy (India) Limited — Bank fraud case

The Central Bureau of Investigation registered a case against the Hyderabad-based firm Transstroy (India) Limited and its executives for an alleged bank fraud amounting to approximately ₹7,926 crore.

Financial fraudEconomic offencesBanking

Telangana·4·Police investigation