Paytm has filed an insolvency plea against online gaming platform WinZO before the NCLT, alleging non-payment of Rs 3.6 crore for ad services. WinZO claims the invoices were “not validated,” while Paytm calls it a “sham defence.”
RBI Governor Shaktikanta Das highlighted the regulatory action against Paytm Payments Bank, emphasizing the gravity of the violation and the central bank’s commitment to compliance and innovation. The decision followed unsuccessful bilateral engagements aimed at corrective measures. The RBI’s proactive approach reflects its dedication to maintaining financial system integrity while supporting fintech innovation.
