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
Saturday Super Lotto Review
India is gradually opening up to lottery and Pan India Network Ltd. is taking the game a notch higher with lots of games and prizes. Saturday Super Lotto as well as Thursday Super Lotto is a lottery game offered by Pan India Network Ltd. through the gaming brand name Playwin. The reason this game is popular because of its generous jackpots which start at Rs. 2 crores. This jackpot is rolled over until top prize winners are found.
Just as its name suggests, the Saturday Super Lotto has draws held every Saturday night starting from 22.00 to 22.30 Indian Standard Time. In order for one to participate in this lottery game, he or she must be aged 18 years and above.
Playing Saturday Super Lotto
In this game, players select 6 numbers from a pool of 1 to 49 numbers. There are two modes of playing; through online and retail.
Online Playing Option
The official Playwin site is the platform through which players can participate in Saturday Super Lotto online. In order to take part, you must first buy a Playwin card. These cards come in distinctly set values of 200, 500, 1000, and 5000 rupees. They can be purchased via SMS or from official lottery retailers.
If you want the cards to be delivered at your physical residence, you need to call +91 (22) 24721144. For SMS, you just have to text the word MPHONE to 57575 and the officials will contact you at the earliest possible time. If you would love it to be delivered via email, all you need to do is email Playwin at [email protected] and provide your telephone number and address. This card is very important because without it you cannot make online payments for your ticket purchases.
When playing online, you have two options to pick your numbers. The first option is to do a manual picking where you choose the numbers you believe will give you a chance to win a prize. Alternatively, you can use the Lucky Pick option where a computer randomly generates your numbers. You can also enter future games in advance so that you do not have to buy other tickets. You can enter up to seven consecutive draws at one go.
Playing Saturday Super Lotto online is a preferred method because it secures your tickets and the risk of losing them are completely eliminated as they are stored safely online. In addition, if you win any prizes, they are automatically credited to your Playwin card, thus enabling you to either redeem them for hard cash or use the virtual money to buy future lottery tickets.
Playing through the Retail Option
Playwin does not lock you out, but opens another avenue where you can play Saturday Super Lotto through the retail option. The process here is also very simple because all you need is to visit your designated retailer who will then give you a playslip.
The playslip will have the numbers ranging from 1 to 49 from which you are to choose 6 and mark them carefully. If you prefer the computer terminal to pick the numbers for you then you mark the Lucky Pick option. If you would love to be entered for advance draws, ensure you indicate the number of draws before handing the playslip over to the retailer.
The retailer will then process the playslip and give you a ticket bearing the numbers you have chosen for your draw and the number of draws you have been entered for and their respective dates. The ticket is your only proof of purchase and the instrument by which you can claim your prize. It is therefore important that you confirm its accuracy and ensure it has no other markings that can jeopardize your prize claim process.
Being a bearer document, you should sign the ticket at the back so that you can personalize it. In this way, no one can pick it and present it for payment. Store your ticket carefully and wait for the draw.
The Saturday Super Lotto Drawing
As pointed earlier, the Saturday Super Lotto drawing is held every Saturday night starting from 22.00 to 22.30 Indian Standard Time. The drawing is done in a clean, transparent and clear manner before the eyes of the players. You can catch the live broadcast drawing process on the Zee Zing television channel.
The entire software and hardware for the drawing process is provided by the International Lottery and Totalizator Systems and are highly transparent and high tech. Playwin has also appointed Earnest & Young, an independent auditing firm to validate every result of the draw. To make it even more transparent, the draws are conducted right in front of government officials in each of the participating states.
The Odds of Winning Saturday Super Lotto
Saturday Super Lotto has four prize categories within which you can win prizes. By matching all the 6 numbers, you win the jackpot, which is 2 crores and the probability for this is usually 1:13,983,816.
When you match 5 out of the 6 drawn numbers, you win Rs. 50,000 at odds of 1:54,201.
The probability of matching 4 numbers from the 6 drawn is 1:1032 and this guarantees you a prize of Rs. 500.
The last prize band is Rs. 50 and goes to the player who matches 3 out of the 6 drawn numbers. The probability of winning this prize is 1:57.
The overall odds of winning which also refer to the chances a player wins any prize in the Saturday Super Lotto is 1:54. This means chances are high you will walk away with a prize.
|6||1 in 13,983,816|
|5||1 in 54,201|
|4||1 in 1,032|
|3||1 in 57|
Saturday Super Lotto Prize Breakdown
After establishing that you have won a prize, you need to immediately start the claim process. In a nutshell, Playwin gives you a unique benefit of claiming all prizes up to Rs. 10,000 in cash and no tax is deducted. These claims can be paid out at any authorized Playwin outlet as long as they have enough float.
All prizes above Rs. 10,000 won on a single ticket, are payable by check and tax is deducted. For this claim, you need to fill an official Playwin claim form which can be downloaded from the official Playwin website. You can then submit the claim form to the claims department at any Playwin office or do so via regional distributors.
The documents you need for your claim to be honored are:
- A duly filled claim form
- If you played online, you will have to indicate the original Playwin card and the password number. For retail plays, you should attach the original ticket and claim receipt.
- A notarized affidavit on stamp paper. This is mandatory and should be in English.
- Photographs verified and attested by the bank, notary, or any gazette officer. The photos must be stamped.
- Proof of identity which can be a passport copy, driver’s license copy, voters ID copy, or proof of residence.
Online players will have their winnings credited directly into their cards unless such winnings exceed the threshold of Rs. 10,000. You should note that it takes up to 90 working days from the date you submit your claim to the final processing and handing over of the check.Read Saturday Super Lotto review by the Lottery Pros expert team. Find out all the information you need about playing the Indian Saturday Super Lotto online. ]]>