On 14th of October 2019, National Company Law Tribunal delivered an order for the commencement of a Corporate Insolvency Resolution Process to the Pan India Network Limited. Thus, Pan India Network Limited has been asked to submit all the necessary claims to the Interim Resolution Professional along with the relevant proofs.
What has happened to Playwin?
In 2014, the Crime Investigation Department (CID) of the Andhra Pradesh police sought a ban on the website of ‘Playwin’ which has allegedly been selling online lotteries banned in the state.
Year 2017 brought a major setback for the lottery business in India. In June 2017, the Goods and Services Tax (GST) Council ordered dual tax rate for lottery tickets in the country. Under the dual tax rate, lotteries operated by private distributors came under the highest tax slab of 28 percent. Several serious protests were made against this dual tax, but no luck.
In fact, many sellers in the business had to shut off their businesses completely due to such reasons. Not only that, many more were also on the verge of shutting down. Pan India Network Ltd “Playwin” was one of them. To meet these GST requirements, Playwin introduced a hike in the lottery ticket prices by about 30%. This further hampered their revenue.
In 2018, the Karnataka government banned Playwin to operate in its state.
A Dark day in the history of Playwin Lottery – The Corporate Insolvency Resolution Process Filed
On 30th April 2019, Sagar E Shop Private Limited filed a petition against Pan India Network Limited alleging that Pan India Network Limited committed default in making payment to the extent of Rs. 1,60,39,093/- under Section 7 of Insolvency and Bankruptcy Code, 2016.
On 1st September 2018, Pan India Network Limited had entered into a loan agreement with Sagar E Shop Private Limited where it requested Sagar E Shop Private Limited for interest bearing loan to the extent of Rs.2,25,00,000/- @ 18% p.a. and promised to repay by 30th April, 2019. Though Pan India Network Limited availed the credit facilities but failed to repay the outstanding dues. Several letters and reminders were sent to Pan India Network Limited which they fail to honor, hence the petition.
The ledger account shown by Sagar E Shop Private Limited clearly shows that the amount claimed in the petition is in consonance with the ledger account. After hearing both sides, the learned counsel appearing for the Corporate Debtor had candidly admitted the liability as well as default and expressed her no objection to admission of this Petition. This marks the successful admission of The Corporate Insolvency Resolution Process of Pan India Network Limited.
What has happened to Playwin from the Pan India Network – discover the full story behind Playwin’s demise here
If you are looking to test your luck playing online lotteries from India, then you can always look to play attractive lottery games brought to the internet by PlayWin. This is the first online lottery to be officially opened in India. It is run by the Government of Sikkim and is a licensed and genuine one. It started its online operations in November 2001. MyPlayWin is operated in many of the towns and states in India where gambling is legal. The PlayWin site is promoted by the Essel group, one of the big business conglomerates in India. It is backed by Pan Indian Network Limited that is part of the $4.1 billion Easel Group.
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Why Try MyPlayWin?
The first and the most important reason that drives many players from India to try out this lottery site is that it is the official lottery website run by the government. Hence, you can be sure that it is a genuine and reliable one. There are plenty of different games that the lottery enthusiasts can invest money to try and lay their hands on the biggest lottery prizes. This website inspires people to take chances because this is the only way they can enjoy big money gains.
It is a clear and transparent lottery service that is 100% legal and tampers proof. The PlayWin site run by the Sikkim Government was the first to bring the popular Lotto game into India. It is still very popular and most of the lottery ticket investors always play this game. There is no doubt that PlayWin has turned out to be a very strong brand online with a plethora of games offered to keep the interest of the lottery enthusiasts alive.
The Technology that Drives PlayWin
It is very important to have a solid and state of the art technology to run a competent and perfect online lottery site. There is no compromise on the technology side by this online lottery betting house. PlayWin makes use of the latest and the cutting edge technology to offer 100% transparent and correct draws. There will be no discrepancies that would creep up when a draw is picked and the numbers are revealed. Everything happens automatically. The software and the hardware of the lottery games provided on this website are from International Lottery and Totalizator Systems (ILTS), from the USA.
The draws for each and every lottery game that you play on the PlayWin lottery are carried out automatically and no human touch is involved. Hence, the results cannot be altered. The numbers are chosen by an automated draw machine. This machine carries the patent of Smart Play International Inc., USA. The draw machine has been imported to India to run for the PlayWin website and to pick the daily and weekly lottery draws. With the latest draw machine and the to-end technology in place, all the lottery players can be assured that the website is 100% legal and offers a fair playing field for one and all. It is hassle-free and even first-time lottery players will not find it difficult to buy tickets and to check out the draws.
Different PlayWin Lottery Games
PlayWin is known for the different types of lotto games it offers for its online fans. The most popular lotto titles that you can play here are as follows.
Jaldi 5 Double Lotto
This is a lotto game that has a draw every Wednesday. The draw will take place between 10:00 pm to 10:30 pm. The jackpot that you can win playing this Jaldi 5 double lotto game is Rs.10 lakhs. There are five numbers drawn and a player who has all the five drawn numbers on his lotto ticket will walk away with the jackpot money. If there is nobody with the 5 draw numbers, then the collection for that draw will be rolled down to the 4 number matching winners. Either this amount or Rs.2 lakhs will be added to the match 4 winner payout. The maximum amount offered for every winner after the rollout with 4 matching numbers is Rs.9000.
Thursday Super Lotto
As the name of this lottery game suggests, the draw for this lottery play will happen every Thursday and it will be taking place between 10:00 pm to 10:30 pm. The jackpot prize for this lottery game is a whopping Rs. 2 crores. The player needs to purchase a ticket f Rs.20 to take part in this lottery. There will be 6 numbers drawn on the drawing day. If the 6 numbers in a lottery ticket mat with the drawn numbers, then the player wins the huge jackpot prize. If no one claims the 6 numbers, then the payout will be rolled on to the next draw.
Tuesday Thunder ball
This lottery game will carry a ticket rate of Rs. 20. The jackpot on offer for this online lottery game is Rs. 1.05 crores. The draw for this game will take place every Tuesday from 10:00 pm to 10:30 pm. Here, the players need to choose 5 numbers from the l 01 to 42. Apart from this, the player also needs to choose a TG number that falls between the range 01 and 15. If the player has the 5+TB number to match with the drawn numbers along with TB number, then he stands to win the huge jackpot. If no one matches with the drawn numbers + TB, then the winning prize will be rolled over to the next draw.
Jaldi 5 Lotto
Another interesting lotto game that is a favorite among all the lottery ticket fans is the Jaldi 6 Lotto. The draw for this game will take place every Friday between 10:00 pm and 10:30 pm on the PlayWin website. The ticket price for this lotto is just Rs. 13 and the jackpot prize on offer is Rs. 5 lakhs. The ticket holder needs to choose 5 numbers between 01 and 36 from each panel. The player who matches all the 5 drawn numbers will be awarded the jackpot amount. If not, then the collection for that draw or Rs. 1 lakh will be rolled over to the 4 number matches that players have. The maximum that a match 4 player can win after the roll down is Rs. 9000. The balance money will be rolled over to the match 3 winners.
Saturday Super Lotto
The ticket price for this Saturday draw lotto game is Rs. 2.05 crores. The lottery ticket to try our luck at this lotto game is just Rs. 20. The results will be revealed on Saturday and it will be drawn between 10:00 pm and 10:30 pm. The payer needs to pick a total of 6 numbers from 01 to 49 per panel. If the chosen numbers match with what the computer draws on the draw day, then you will be rewarded with Rs. 2.05 crores. If there is no match, then the jackpot prize will be rolled over to the next draw.
Apart from the daily draws, there are a few weekly draw lottery games on offer at PlayWin website. They are as follows.
The Keno is a very popular lottery ticket game that all gamblers from all over the world love to play. If you are very interested in playing the Keno game, then PlayWin is the Indian site where you can play and win the jackpot prize of Rs.15.50 lakhs. The ticket cost for the Keno game is just Rs. 15. The player needs to choose the number of slots that he would like to bet on in the first place. Then the player has to choose the number of bets that he would like to make per panel. After this, the bettor needs to choose the keno numbers. A maximum of 10 numbers can be chosen. During the keno game draw, there will be 20 numbers that the automated machine will draw. If o you have 10 numbers to match with the 20 numbers drawn, then you take home Rs. 15.50 lakhs. The jackpot amount is the same for every draw.
Fast Digit Lottery
As the name suggests, it needs the players to quickly choose the digits from 01 to 31 per panel. The jackpot prize is Rs. 2 lakhs and each ticket cost Rs. 13. You will need to choose 10 digits or 5 numbers and if the draw made during the week matches with the chosen numbers, you get the jackpot prize. If there is no one claiming for all the 10 digits, then the prize money will be rolled over to the next draw.
The PlayWin is a very good lottery site that offers a decent range of online lottery titles for the fans from India. It does not hold as many games as you can see in the many online lotteries of the world. These games are targeted at the Indian lottery enthusiasts and hence have desi Indian names. It is very easy to register and buy the tickets for the games of your choice on the PlayWin website. So, if you have not yet tried your luck playing online lotteries, then visit the PlayWin website and start playing keno and lotto lottery titles.
Playwin is a clear, and transparent lottery service that is 100% legal and tampers proof. The MyPlayWin site run by the Sikkim Government. Read our review!