Overview
- The New Delhi bench, comprising Justice Jyotsna Sharma and technical member Anu Jagmohan Singh, issued the notice and set timelines for filings.
- Paytm says four invoices raised in June–July 2025 for ads on its app carried 60‑day terms and were followed by a demand notice on October 1.
- WinZO does not dispute the ads ran but argues the bills are not payable until email “validation” under the purchase order, citing AppFlyer‑based checks.
- Paytm asserts the campaigns were delivered, says AppFlyer data and emails show at least one invoice was validated, and suggests the non‑payment coincided with the RMG crackdown.
- WinZO calls the insolvency move a pressure tactic, claims the invoices were never approved and that internal audit found discrepancies, and says it will honor legitimate obligations.