The expected timeline is at least 6 months due to the significant amount of work needed to develop a restructuring plan with the relevant stakeholders and have it fairly assessed and voted on by creditors, followed by a sanction by the Court (which is subject to statutory timelines and Court timetables).
Articles in this section
- How will Zettai ensure the buyback of Recovery Tokens and maximize creditor recoveries over the next three years?
- What is WazirX’s plan for returning funds to users who deposited after the cyberattack?
- What measures were taken to expedite rebalancing?
- Why is WazirX planning new business initiatives alongside distributing funds to creditors?
- How can creditors withdraw their funds under the Scheme?
- What is the expected timeline for the creditors and the court's approval of the restructuring scheme? When can creditors expect to receive their funds?
- Why are 33% of locked WRX tokens included in the calculation displayed in the Rebalancing Calculator?
- Is the USD 30m Cost Reserves an expansion of the initial USD 12m fund?
- Why is the USD30m Cost Reserves critical for recovery?
- How are profits managed until the USD30m Cost Reserves are recovered?