Paytm Drags WinZO to the Bankruptcy Court.
Another huge court case is about to take place in the technological and the gaming industry in India where fintech giant Paytm has petitioned the court over insolvency against the popular online gaming platform WinZO. This case now pending in New Delhi before the bench of the National Company Law Tribunal (NCLT) is based on a claim that the company owes about 3.6 crores of unpaid dues. It is a grave expansion in what seems to be a huge commercial conflict between the two businesses.
The petition was filed by Paytm parent company; One97 Communications, which alleged that WinZO did not pay on time. The NCLT has also assumed the issue and given WinZO a notice to submit a formal…