Approval of the Scheme by creditors requires a majority vote in favor, representing at least 75% of creditors by value of the creditors present and voting. Once approved, the Scheme has to be sanctioned by the Court before becoming legally binding on both the Company and its creditors. Only once the Scheme has been sanctioned by the Court, can the restructuring plan be implemented.
Articles in this section
- What is the purpose of the Rebalancing Calculator?
- Will the market prices be updated regularly on the Rebalancing Calculator?
- Will the Rebalancing Calculator guarantee specific recovery amounts?
- Are there some assets that will not be included in the Rebalancing Calculator?
- For actual rebalancing, which token prices will be taken into account?
- Why is there a difference between the investment value and the rebalancing calculator value?
- Why are tokens increasing and decreasing daily?
- Will I get USDT or my token?
- I should get approximately x/2 (52% of) tokens, but I am getting fewer tokens. Why is the number of tokens decreasing daily with increasing in market price?
- Why does the quantity of Tokens go up and down, even when 52% of Tokens are allocated?