The Delhi High Court has ordered the winding up of Paytm Payments Bank Limited (PPBL), months after the Reserve Bank of India (RBI) revoked the bank's licence over persistent regulatory violations, marking the final step in the lender's closure process, the central bank said on Tuesday.
In a statement, the RBI said the High Court, through orders dated July 8 and July 22, 2026, directed that PPBL be wound up under the provisions of the Banking Regulation Act, 1949, read with the Companies Act, 2013.
“By an Order dated July 08, 2026 read with the Order dated July 22, 2026, the 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 Companies Act, 2013,” the central bank stated.
The court has appointed Girikumar M. Nair, former Chief General Manager of State Bank of India, as the Official Liquidator of Paytm Payments Bank.
The RBI said the Official Liquidator has been authorised to exercise all powers prescribed under the Banking Regulation Act as well as the applicable provisions of the Companies Act.
According to the central bank, the Official Liquidator has been exercising all the powers of the bank's board of directors with effect from July 8, 2026.
“The High Court appointed Girikumar M Nair as the Official Liquidator of PPBL. As per the said order, the Official Liquidator shall exercise all the powers prescribed under the provisions of the Banking Regulation Act, 1949 along with applicable provisions of the Companies Act, 2013,” RBI said.
“In terms of the said order, the Official Liquidator shall, with effect from July 8, 2026, exercise all the powers of the Board of PPBL,” it added.
The winding-up order follows the RBI's decision in April 2026 to cancel Paytm Payments Bank's banking licence after finding persistent non-compliance with regulatory requirements.
At the time, the central bank had said the bank's affairs were being conducted in a manner detrimental to the interests of its depositors and announced that it would approach the Delhi High Court for winding-up proceedings.
Tripura expands rural markets; Minister says farmers are India’s strength
Emphasising the crucial role of agriculture in India’s growth, Tripura Agriculture and Farmers’ Welfare Minister Ratan Lal Nath on Thursday said no development would be possible if farmers stopped producing food and agricultural commodities, asserting that they remain the backbone of the nation’s economy.
OC suspended after HC flags FIR delay allegations
The Officer-in-Charge of Airport Police Station, Sushanta Deb, has been suspended after the Tripura High Court intervened in a case involving allegations of delayed FIR registration and harassment of a woman complainant.
DGP death probe: SIT team reaches Delhi for further probe
The Special Investigation Team (SIT) probing the death of Tripura Director General of Police (DGP) Anurag Dhankar has moved to New Delhi as part of its ongoing investigation.
Sushanta calls for stronger BJP grassroots organisation
Tripura Transport Minister Sushanta Chowdhury on Thursday said the BJP has launched a series of panchayat-level organisational meetings to further strengthen the party's grassroots network and enhance its outreach across the state.
Elderly woman dies of electrocution in Korailong area
An elderly woman died after being electrocuted while doing household work at her residence in Korailong area under Teliamura Police Station on Thursday, triggering grief in the locality.
One year old girl dies after consuming poisonous snail
According to local sources, the tragic incident took place at Sidhai village. The child, identified as Eliza Debbarma, reportedly consumed a snail found near her house. Soon after, her health deteriorated rapidly.
TBSE Bochor Bachao: Secondary pass rate rises to 84.93 percent, HS to 80.65 percent
The overall pass percentage in the Secondary (Madhyamik) and Higher Secondary examinations in Tripura has increased following the publication of the "Bochor Bachao" examination results, Tripura Board of Secondary Education (TBSE) President Dr. Dhananjoy Gon Chowdhury said on Thursday.
PM Modi welcomes passage of anti-paper leak Bill by Parliament, says will make examination system more 'robust'
Prime Minister Narendra Modi has welcomed the passage of a Bill ensuring strict actions against any examination paper leak, saying that it will now make the system more robust.