NCLT admits Paytm insolvency plea against Ludo Empire maker
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Summary
The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted an insolvency petition filed by Paytm's owner One97 Communications Ltd, against gaming company Fabzen Technologies Pvt Ltd over unpaid digital advertising dues of more than ₹3.41 crore [One97 Communication Ltd v. Fabzen Technologies Pvt Ltd].By its June 18 order, the NCLT has initiated the corporate insolvency resolution process (CIRP) against Fabzen, which operates games such as Ludo Empire, Callbreak Empire and Skill Pat