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Yes Bank Limited vs Axis Trustee Services Limited on 29 October, 2025

Author: Dipankar Datta

Bench: Dipankar Datta

     ITEM NO.115                   COURT NO.6                  SECTION III

                         S U P R E M E C O U R T O F     I N D I A
                                 RECORD OF PROCEEDINGS

                             Civil Appeal No(s).3182/2025

     YES BANK LIMITED & ANR.                                   Appellants

                                          VERSUS

     AXIS TRUSTEE SERVICES LIMITED & ORS.                      Respondents

     [AT 12.00 NOON.]
     I.A. No.66815/2024-INTERVENTION APPLICATION
     I.A. No.149232/2023-INTERVENTION APPLICATION
     I.A. No.47020/2025-INTERVENTION APPLICATION
     I.A. No.109958/2023-INTERVENTION/IMPLEADMENT
     I.A. No.67300/2023-INTERVENTION/IMPLEADMENT
     I.A. No.20726/2025-INTERVENTION/IMPLEADMENT
     I.A. No.270019/2024-INTERVENTION/IMPLEADMENT
     I.A. No.99776/2025-MODIFICATION OF COURT ORDER
     I.A. No.63110/2023-PERMISSION TO FILE ADDITIONAL
     DOCUMENTS/FACTS/ANNEXURES
     I.A. No.42435/2023-PERMISSION TO FILE ADDITIONAL DOCUMENTS/FACTS/
     ANNEXURES
     I.A. No.42432/2023-PERMISSION TO FILE ADDITIONAL DOCUMENTS/FACTS/
     ANNEXURES

     WITH

     C.A. Nos.3193-3202/2025 (III)
     I.A. No.248117/2023-INTERVENTION/IMPLEADMENT
     I.A. No.81056/2023-INTERVENTION/IMPLEADMENT
     I.A. No.52684/2023-PERMISSION TO APPEAR AND ARGUE IN PERSON
     I.A. No.45645/2023-PERMISSION TO FILE ADDITIONAL
     DOCUMENTS/FACTS/ANNEXURES

     C.A. Nos.3183-3192/2025 (III)
     I.A. No.63894/2023-APPLICATION FOR PERMISSION
     I.A. No.38489/2023-EXEMPTION FROM FILING C/C OF THE IMPUGNED
     JUDGMENT

I.A. No.52672/2023-PERMISSION TO APPEAR AND ARGUE IN PERSON I.A. No.47514/2023-PERMISSION TO FILE ADDITIONAL DOCUMENTS/FACTS/ ANNEXURES C.A. No.3203-3212/2025 (III) Signature Not Verified I.A. No.140788/2023-EXEMPTION Digitally signed by rashmi dhyani pant Date: 2025.10.29 FROM FILING C/C OF THE IMPUGNED JUDGMENT 18:22:31 IST Reason:

Date : 29-10-2025 These matters were called on for hearing today.

CORAM : HON'BLE MR. JUSTICE DIPANKAR DATTA HON'BLE MR. JUSTICE AUGUSTINE GEORGE MASIH For Appellant(s) : Mr. Gurmeet Singh Makker, AOR Mr. S. S. Shroff, AOR Mr. Shyam Divan, Sr. Adv. Mr. Balbir Singh, Sr. Adv. Ms. Shally Bhasin, Adv. Ms. Veena Sivaramakrishnan, Adv. Mr. Siddhant Kant, Adv. Mr. Sidhant Kant, Adv. Mr. Prateek Gupta, Adv. Mr. Mrityunjoy Roy, Adv. Mr. Arpit Varaprasad, Adv.

Mr. Tushar Mehta, Solicitor General Mr. Raghav Shankar, A.S.G. Mr. Vivek Shetty, Adv. Mr. Nishant Upadhyay, Adv. Mr. Navneet R., AOR Mr. Akilesh Menezes, Adv. Mr. Dhaval Vora, Adv. Mr. Bhuvan Kapoor, Adv. Mr. Aman Mehta, Adv.

Mr. Aaditya Dixit, Adv. Mr. Neelaabh Bist, Adv. Ms. Pallavi Mishra, Adv. Ms. Alankrita Sinha, Adv.

For Respondent(s) :Mr. S. S. Shroff, AOR Mr. Shyam Divan, Sr. Adv. Mr. Balbir Singh, Sr. Adv. Ms. Shally Bhasin, Adv. Ms. Veena Sivaramakrishnan, Adv. Mr. Siddhant Kant, Adv. Mr. Prateek Gupta, Adv. Mr. Mrityunjoy Roy, Adv. Mr. Arpit Varaprasad, Adv.

Mr. Ritin Rai, Sr. Adv. Mr. P. S. Sudheer, AOR Mr. Rishi Maheshwari, Adv. Ms. Anne Mathew, Adv. Mr. Bharat Sood, Adv. Mr. Jai Govind M J, Adv. Mr. Jashan Vir Singh, Adv. Mr. B. Gopalakrishnan, Adv.

Mr. Kaushik Choudhury, AOR Mr. Deepanshu Jain, Adv. Mr. Shaantanu Jain, Adv. Mr. Saksham Garg, Adv. Mr. Jyotirmoy Chatterjee, Adv. Mr. Hitendra Nath Rath, AOR Mr. Srijan Sinha , AOR Mr. Srijan Sinha, Adv. Mr. Himanshu Chaubey, Adv. Mr. Siddharth Garg, Adv. Ms. Lihzu Shiney Konyak, Adv. Mr. Srajan Yadav, Adv. Ms. Trisha Garimala, Adv.

Dr. A. M. Singhvi, Sr. Adv. Mr. Mahesh Agarwal, Adv. Mr. Rishi Agrawala, Adv. Mr. Kamaldeep Dayal, Adv. Mr. Ankur Saigal, Adv. Ms. Sukriti Bhatnagar, Adv. Ms. Shivani Agarwal, Adv. Mr. E. C. Agrawala, AOR Mr. Aman Raj Gandhi, AOR Mr. Neeraj Kishan Kaul, Sr. Adv. Mr. C. A. Sundaram, Sr. Adv. Mr. Vikram B. Trivedi, Adv. Mr. Sunil Tilokchandani, Adv. Mr. Nagarkatti Kartik Uday, Adv. Mr. Himalaya Chaudhari, Adv. Ms. Sakshi, Adv.

Mr. Raghav Agrawal, Adv. Mr. Nagarkatti Kartik Uday, AOR Mr. Paras Parekh, Adv. Mr. Abhineet Sharma, Adv. Ms. Vanya Gupta, AOR Ms. Vanshita Shah, Adv.

Mr. Tushar Mehta, Solicitor General Ms. Aishwarya Bhati, A.S.G. Ms. Archana Pathak Dave, A.S.G. Mr. K M Nataraj, A.S.G. Mr. Gurmeet Singh Makker, AOR Mr. Shailesh Madiyal, Adv. Mr. Shashank Bajpai, Adv.

Mr. Tushar Mehta, Solicitor General Mr. Raghav Shankar, A.S.G. Mr. Vivek Shetty, Adv. Mr. Nishant Upadhyay, Adv. Mr. Dhaval Vora, Adv. Ms. Pallavi Mishra, Adv. Mr. Neelaabh Bist, Adv. Ms. Alankrita Sinha, Adv. Mr. Bhuvan Kapoor, Adv. Mr. Aman Mehta, Adv.

Mr. Aaditya Dixit, Adv. Mr. Akilesh Menezes, Adv. Mr. Navneet R., AOR Mr. Pratap Venugopal, Sr. Adv. Mr. Abhishek Singh, Adv. M/S. K. Ashar & Co., AOR Mr. Abhishek Yadav, AOR Mr. Saurabh Yadav, Adv.

M/S. Dua Associates, AOR Mr. Hetal Thakore, Adv. Ms. Jyoti Ghag, Adv.

Mr. Kunal Parekh, Adv.

Respondent-in-person Mr. P. V. Yogeswaran, AOR Ms. Sonali Jaitley Bakhshi, Adv. Mr. Jaiyesh Bakhshi, Adv. Mr. Ravi Tyagi, AOR Mr. Gaurav Mishra, Adv. Mr. Daman Popli, Adv. Mr. Anubhav Yadav, Adv. Mr. Shushant Dua, Adv.

Mr. Mayank Pandey, AOR Mr. Ashish Kumar Pandy, Adv.

Ms. Rohini Prasad, AOR Ms. Ashika Ranjan, Adv.

Mr. Tushar Mehta, Solicitor General Mr. Sanjay Kapur, AOR Mr. Surya Prakash, Adv. Ms. Shubhra Kapur, Adv. Mr. Abhishek Tiwari, Adv. Mr. Anuraj Mishra, Adv.

 Mr. Sanchit Garga, AOR Mr. Kunal Rana, Adv.

Mr. Shashwat Jaiswal, Adv.

Mr. Abhindra Maheshwari, Adv. Mr. Ishit Saharia, AOR Mr. Pulkit Agarwal, AOR Mr. Saurav Gupta, AOR Mr. Srijan Sinha , AOR Mr. Srijan Sinha, Adv. Mr. Himanshu Chaubey, Adv. Mr. Siddharth Garg, Adv. Ms. Lihzu Shiney Konyak, Adv. Mr. Srajan Yadav, Adv. Ms. Trisha Garimala, Adv.

Mr. Himanshu Chaubey, AOR Mrs. Rekha Palli, Sr. Adv. Mr. Rahul Narang, Adv. Mr. Karthik Aruva, Adv. Mr. Somesh Chandra Jha, AOR Mr. Shreay Saini, Adv. Ms. Punam Singh, Adv. Ms. Bhavya Sharma, Adv. Mr. Vaiduahya Parth, Adv.

Ms. Aishwarya Bhati, ASG Ms. Manisha Chava, Adv. Mr. Abhijeet Singh, Adv. Mr. Abhedya S. Verma, Adv.

UPON hearing the counsel the Court made the following O R D E R List these appeals on 30th October, 2025 at 02:00 p.m. (RASHMI DHYANI PANT) (SUDHIR KUMAR SHARMA) ASST. REGISTRAR-CUM-PS COURT MASTER (NSH) 5