Delhi HC issues notice in challenge to PayTm Payments Bank's Post-Paid Wallet

Aditi Singh May 27 2019
PMC Bank

The Delhi High Court has issued notice in a plea challenging the operation of PayTm Payments Bank's Post-Paid Wallet facility.

Notice was issued to the Reserve Bank of India and PayTm Payments Bank by a Division Bench headed by Chief Justice Rajendra Menon in a petition moved by Abhijit Mishra.

The Petition filed through advocate Payal Bahl claims that the operation of PayTm Payments Bank's Post-Paid Wallet is illegal and contrary to the banking laws . . .

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