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[hpehv-mggqli]Lotto.in Playwin Playwin Lottery Playwin Lottery, which was operated by Pan India Network and licensed by the government of Sikkim, used to provide online and retail lottery games to players across India. However, the company was forced to close in 2019 after it struggled to absorb a rise in taxes and subsequently defaulted on its debts. Want to play the Lottery online? Download a VPN and follow the instructions here . What happened to Playwin? The company’s troubles began in 2014, when the Crime Investigation Department (CID) of the Andhra Pradesh police sought a ban on the Playwin website for allegedly selling online lotteries banned in the state. Playwin was able to continue its online operations elsewhere in India. In 2017, the Indian lottery industry suffered a major setback. In June of that year, the Goods and Services Tax (GST) Council ordered a dual tax rate for lottery tickets throughout the country. Under the dual tax rate, lotteries operated by private distributors came under the highest tax bracket of 28 percent. Several serious protests were made against the dual tax, but to no avail. Many sellers in the industry had to close down their businesses completely due to the costs incurred from the higher taxes. To ensure Playwin’s survival, Pan India Network Ltd increased the price of its lottery tickets by about 30%. This further hampered their revenue. Corporate Insolvency Resolution Process Filed On 30th April 2019, Sagar E Shop Private Limited filed a petition against Pan India Network Limited, alleging that the company committed default in making payment to the extent of Rs. 1,60,39,093/- under Section 7 of the 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 a loan to the extent of Rs. 2,25,00,000/- at an interest rate of 18% p.a., with an obligation to repay by 30th April, 2019. Pan India Network Limited availed the credit faciCurrent scores, times, statistics, animation and live stream are displayed for information purposes only and whilst every effort is taken to ensure their accuracy we accept no liability for any errors. * Live Stream (after login). Account balance must be positive. Territorial restrictions may apply.

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