Paytm Payments Bank Ordered to Wind Up by Delhi High Court

Delhi High Court has ordered Paytm Payments Bank Limited to be wound up, with a court-appointed liquidator now in full control.

Here's what happened: The Delhi High Court has ordered the winding up of Paytm Payments Bank Limited (PPBL) under the Banking Regulation Act, 1949, read with the Companies Act, 2013.. RBI had already cancelled PPBL's banking licence on April 24, 2026, under Section 22(4) of the Banking Regulation Act, 1949, effective close of business that same day.. By orders dated July 8, 2026 and July 22, 2026, the Court appointed Shri Girikumar M Nair, former Chief General Manager of State Bank of India, as the Official Liquidator of PPBL.. With effect from July 8, 2026, the Official Liquidator exercises all powers of PPBL's Board and will oversee the full wind-down of the bank under court supervision..

What you should do: Contact the Official Liquidator for depositor claim instructions — details to be published as per the Delhi High Court's order.. Verify your DICGC deposit insurance cover (up to ₹5 lakh) at dicgc.org.in and track the claims process once initiated.. File any unresolved PPBL grievances on the RBI CMS portal at sachet.rbi.org.in before the liquidation process closes that window..

This directly affects anyone who still holds a Paytm Payments Bank savings account, wallet balance, or fixed deposit — your funds are now under the control of a court-appointed liquidator, not the bank's management. Depositors are protected up to ₹5 lakh per depositor under DICGC (Deposit Insurance and Credit Guarantee Corporation) insurance, so if your balance is within that limit, your money is insured — but you should act quickly to understand the claims process. Businesses or individuals who used PPBL for salary credits, UPI-linked accounts, or auto-debits should verify alternate arrangements are already in place, as no new banking operations will continue.