Supreme Court | No bail for Sanjay Chhabria in Yes Bank money laundering case
Supreme Court remarked that the offence was serious in nature, and the High Court had considered all aspects while refusing bail in this matter.
YES Bank
DHFL Money Laundering | Supreme Court refuses interim bail to Yes Bank Founder Rana Kapoor
Earlier in May 2023, the Bombay High Court had rejected the second bail plea by Rana Kapoor.
Shardul Amarchand Mangaldas advises YES Bank in granting financial assistance to Altamount Road Property Private Limited for an amount aggregating to INR 215 Crore
Shardul Amarchand Mangaldas & Co. advised YES Bank in granting financial assistance by way of a rupee term loan facility to Altamount
Clauses in Information Brochure based on statutory Master Circular is enforceable; Bombay High Court sets aside Administrator decision to write down AT-1 bonds once Yes Bank stood reconstituted
The clauses in the Information Memorandum are based on the Master Circular which is issued by the Reserve Bank under its statutory powers. Information Memorandum and its clauses refer to Master Circular. The said Information Brochure has a statutory flavour. In that event, the agreement would have a statutory base and such an agreement can certainly be enforceable.
[Yes Bank Loan Fraud] Public money under garb of Term loan siphoned off, resulting in generation of ‘proceeds of crime’ as well as its layering and ultimate projection as untainted money: Del HC while denying bail to Gautam Thapar
Delhi High Court: While addressing a matter wherein bail of Gautam Thapar accused in Yes Bank Loan Fraud case, was sought, Manoj
SEBI | A potential ‘No’ turned into a definite ‘Yes’| Yes Bank camouflaged risk with devious safeguards to lure investments in AT1 bonds| Attracted a Rs 25 crore penalty
Securities and Exchange Board of India (SEBI): Soma Majumder, Adjudicating Officer, imposed a 25 crore penalty on Yes Bank Ltd. (YBL), and
Del HC | “How are depositors of Yes Bank differently circumstanced from depositors of PMC Bank”: RBI and Centre to file affidavits in plea seeking to secure PMC Bank depositors’ interest
Delhi High Court: Rajiv Shakdher, J., directed the Union of India and RBI to submit affidavits stating what propelled RBI to take action in