Online gaming company Fabzen Technologies Pvt Ltd, the operator of popular gaming platforms such as Ludo Empire, Callbreak Empire, and Skill Patti Empire, has suffered a major legal setback after the Mumbai Bench of the National Company Law Tribunal (NCLT) admitted an insolvency petition filed by One97 Communications Ltd, the parent company of Paytm. The case revolves around alleged unpaid digital advertising dues exceeding ₹3.41 crore.
In its order dated June 18, 2026, the NCLT initiated the Corporate Insolvency Resolution Process (CIRP) against Fabzen, holding that the operational debt claimed by One97 Communications was due and remained unpaid. The tribunal also rejected Fabzen’s arguments regarding the performance of Paytm’s…