The India government is actually trying their best to persecute the journalist (Mohd. Zubair) and putting pressure on Razorpay to get to AltNews/Zubair. (The govt. is trying to insinuate that the journalist is writing articles criticizing India on the behest of foreigners - by cooking up allegations that he has been receiving donations from people outside India)
I'm only arguing that it's next to impossible to stand up to the government in India; Razorpay need not be pro-government or anti Alt news, they are likely being forced to comply with the Government's (perhaps extra legal) demands via shady tactics and they need to save their own skin.