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Have compelling grounds to appeal to the SC: CEO of Yes Bank

The legal appeal before the Supreme Court of India is intended to challenge the Reserve Bank of India’s decision to suspend the licenses of key officials of Yes Bank. This decision was taken on the grounds that the bank’s operations had become a source of systemic risk to the Indian economy, and was based on an internal assessment of the bank’s operations.

The appeal will challenge the RBI’s decision on the grounds that it was taken without due process, and without sufficient evidence to support the conclusion that Yes Bank posed a systemic risk. The appeal will also seek to demonstrate that the decision of the RBI was not in the best interests of the bank or its depositors.

The appeal will also challenge the RBI’s decision on the grounds that it was taken without sufficient consideration of the long-term economic implications for the bank, its depositors, and the Indian economy as a whole. Finally, the appeal will argue that the decision of the RBI was an arbitrary exercise of power, and in violation of the principles of natural justice.