NEW DELHI, Dec. 4 -- The Supreme Court on Thursday said it will conclude hearings in the third week of January on appeals filed by the Reserve Bank of India (RBI), Yes Bank and others challenging the Bombay high court's 2023 ruling that struck down the March 2020 write-off of about Rs.8,415 crore worth of additional tier-1 (AT-1) bonds.

A bench of justices Dipankar Datta and Augustine George Masih adjourned the matter, saying the court will resume proceedings from 15 January to complete arguments, after which the judgment will be reserved.

The apex court is considering challenges to the high court's January 2023 order, which held the write-off invalid and ruled in favour of bondholders who argued they were unfairly made to absorb losses...