The Delhi High Court orders the winding up of Paytm Payments Bank Ltd following the Reserve Bank of India’s decision to cancel the bank’s banking licence. According to reports, the court appoints an official liquidator to oversee the dissolution process. RBI-appointed liquidator Girikumar M Nair is named by multiple outlets as the person taking charge of the liquidation. The licence cancellation occurred in April and is described across sources as being based on major concerns related to the bank’s management practices and regulatory compliance. The RBI decision is cited as the immediate trigger for the court’s winding-up order, with the court directing the liquidation process to proceed after the licence is annulled. One outlet also notes that the winding up of the payments bank does not affect other Paytm services, distinguishing the liquidation of the bank entity from the broader company operations. The reports consistently state that the court’s ruling is aimed at formally winding up the bank under an official liquidator’s supervision.