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
Saturday Super Lotto
The Saturday Super Lotto is run by the Pan India Network Ltd (Playwin). It is one of the most popular Indian lottery games which offer a wealth of prizes in every draw. Jackpots start at Rs. 2 crores and will rollover to the following draw if there are no top prize winners. Saturday Super Lotto draws are held every Saturday night between 22.00 and 22.30 IST and are shown on television channel Zee Zing.
How to Play Saturday Super Lotto
In Saturday Super Lotto, players select six numbers from 1 to 49. The jackpot, which starts at Rs. 2 crores, is won by any player who successfully matches all six numbers drawn. Should more than one ticket holder match all six numbers, the top prize will be shared equally between the winners. However, if there are no jackpot winners then the top prize will rollover to the following draw.
In every draw there are a total of four prize tiers where players can win a prize for matching as few as three numbers. The winning combinations, odds and prizes are as follows:
|6||1 in 13,983,816||2 Crores|
|5||1 in 54,201||50,000|
|4||1 in 1,032||500|
|3||1 in 57||50|
|Overall odds of winning a Playwin Super Lotto prize: 1 in 54|
Draws are held every Saturday night between 22.00 and 22.30 IST and are shown on television channel Zee Zing.
Buying Saturday Super Lotto Tickets
Saturday Super Lotto tickets are available to buy from the official Playwin site using a Playwin card. The cards, which come in set values of Rs. 200, 500, 1000 and 5000, can be purchased from official lottery retailers, by SMS or email and are the only accepted online payment method.
To play the Saturday Super Lotto online, simply choose the six numbers you wish to play, or select the Lucky Pick option to have your numbers randomly selected, and then choose the number of draws you wish to enter. Players can enter up to seven draws in advance.
Buying your tickets online is totally secure and eliminates the risk of losing your tickets as they are stored safely online. In addition, any prizes you win are automatically added to your Playwin card for you to redeem or buy future lottery tickets with.
Saturday Super Lotto tickets can be purchased in person at an official lottery retailer as well as online. To play, simply fill in the numbers you wish to play on a playslip, or tick the Lucky Pick option, select the number of draws you wish to play and hand the playslip to the retailer who will process the ticket and prove you with a proof of purchase. You must keep your proof of purchase safe as, should you win a prize, you will need to show it to lottery officials in order to receive your winnings.
Prizes are valid for 90 days and it is advisable to check your tickets as soon as possible after the draw so that any prize can be claimed immediately.Information on the Indian Saturday Super Lotto from Playwin, including prizes and odds of winning. Also, how to play Saturday Super Lotto online. ]]>