Zettai, a Singapore incorporated entity, took custody of the Platform’s assets following an ownership dispute with Binance which is ongoing. If Binance is determined to be the owner of the Platform and its assets as an outcome of the dispute, the Platform’s users will be creditors of Binance for the crypto assets. In the interests of the Platform’s users, Zettai is proactively stepping forward to propose a restructuring of the Platform’s crypto balances so that users would not have to wait for the resolution of Zettai’s dispute with Binance.
Since the user did not sign any TnCs with Zettai, why are we conducting the procedure in Singapore and not in India? Is the NCLT and NCDRC in India not equipped to handle this matter?
