Madras High Court Orders RBI to Direct Paytm to Compensate Doctor Who Lost ₹3 Lakhs to Hackers

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

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