The worry for Paytm intensifies as the Reserve Bank of India (RBI) has said that the Delhi High Court has ordered the winding up of Paytm Payments Bank Ltd (PPBL).
“By an Order dated July 08, 2026 read with the Order dated July 22, 2026, the Hon’ble High Court of Delhi has ordered that PPBL be wound up under the provisions of the Banking Regulation Act, 1949 read with the provisions of the Companies Act, 2013,” RBI said.
The High Court has also appointed Girikumar M Nair, a former CGM at State Bank of India, as the Official Liquidator of PPBL. RBI said the official liquidator shall exercise all the powers prescribed under the Banking Regulation Act, 1949, and the applicable provisions of the Companies Act, 2013.
Delhi High Court Orders Winding Up Of Paytm Payments Bank
