Delhi HC Orders Final Winding Up of Paytm Payments Bank
The Delhi High Court has ordered the final winding up of Paytm Payments Bank after the RBI cancelled its licence. Former SBI CGM Girikumar M Nair has been appointed official liquidator, taking over the board’s powers from July 8, 2026.
Delhi High Court ordered Paytm Payments Bank’s final winding up after RBI cancelled its licence over regulatory non-compliance. Former SBI CGM Girikumar M Nair was appointed official liquidator, assuming the board’s powers from July 8, 2026.
Why this matters
The final order follows recent signals that Delhi HC had ordered Paytm Payments Bank wound up after RBI’s licence cancellation, with coverage highlighting former SBI executive Girikumar M Nair’s appointment as liquidator.
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