The Madras High Court has issued a landmark ruling, directing digital payment platform Paytm to compensate a post-graduate medical student who fell victim to fraudulent transactions totaling approximately ₹3 lakhs. “Despite being a private entity not amenable to writ jurisdiction, Paytm cannot evade its liability to protect customers”, the court noted. The Reserve Bank of
Madras High Court Orders RBI to Direct Paytm to Compensate Doctor Who Lost ₹3 Lakhs to Hackers
