Paytm—Delhi High Court ordered winding up of Paytm Payments Bank, appointed liquidator after RBI license cancellation
The Delhi High Court, acting on an RBI petition, ordered the winding up of Paytm Payments Bank Ltd (PPBL) through orders dated July 8 and July 22, 2026, appointing Girikumar M. Nair, a former SBI Chief General Manager, as liquidator with full board powers under the Banking Regulation Act. RBI said PPBL had sufficient liquidity to repay all deposit liabilities. The order formally closes out the bank whose license RBI had already cancelled, citing a persistent pattern of non-compliance detrimental to depositors' and the public interest.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Corporate Governance | -against | primary | -1.00 |
| Overall incident score = | -0.443 | ||
Score = avg(topic contributions) × significance (high ×1.5) × confidence (0.59)× agency (negligent ×0.5)
Evidence (1 signal)
Delhi HC orders winding up of Paytm Payments Bank, appoints former SBI official as liquidator
RBI confirmed via official press release that the Delhi High Court ordered winding up of Paytm Payments Bank Ltd and appointed Girikumar M. Nair, former SBI Chief General Manager, as liquidator effective July 8, 2026.