Paytm Payments Bank Shut Down: What Happens to Paytm App After Delhi HC Orders Liquidation?
The Delhi High Court has officially ordered the winding up of Paytm Payments Bank Limited (PPBL) following non-compliance with banking regulations, the Reserve Bank of India (RBI) announced on July 28. Under the provisions of the Banking Regulation Act, 1949, and the Companies Act, 2013, the court issued the directions through an order dated July 8, 2026, read with a subsequent order on July 22, 2026.