Report: Delhi High Court orders Paytm Payments Bank winding-up after RBI licence cancellation
YourStory reports that the Delhi High Court has ordered Paytm Payments Bank’s winding-up, with former SBI executive Girikumar M Nair appointed official liquidator from July 8, 2026. The development would formally end PPBL’s operations following RBI regulatory action.
Delhi High Court has ordered Paytm Payments Bank to be wound up after the RBI cancelled its banking licence for regulatory non-compliance. Former SBI CGM Girikumar M Nair has been appointed official liquidator, assuming PPBL board powers from July 8, 2026.
Why this matters
The order follows recent signals that Delhi HC would wind up Paytm Payments Bank after RBI's licence cancellation. Paytm has separately said its app and UPI services continue.
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