WazirX, the popular Indian crypto exchange, has sent an email to its users providing updates on the current restructuring process. The email outlines upcoming actions, including a court hearing on the Moratorium Application scheduled for September 25, 2024. The exchange has requested creditors to register and confirm their participation through the WazirX application for the Zoom meeting.
In addition, WazirX has released a poll for creditors to express their support or objection to the restructuring plan. The exchange emphasizes the importance of creditor participation as it directly impacts decision-making in the case. The survey will be open until September 21, 2024.
Furthermore, WazirX will be hosting its second townhall meeting on September 16th. During this session, the exchange will present a detailed report on the draft restructuring proposal. Creditors will have the opportunity to ask questions, particularly those who have filled out the accompanying Google Form to indicate their queries in advance. The event will be live-streamed on YouTube, allowing creditors to actively participate in the Q&A session.
WazirX reassures its users that their crypto and fiat balances remain secure throughout the ongoing process. The exchange’s goal is to ensure a fair legal solution for all parties involved.