WazirX Secures 95% Creditor Approval for Restructuring Plan Ahead of Court Decision
WazirX has garnered significant support for its restructuring efforts, achieving a remarkable 95.7% approval from creditors following a successful revote on the Amended Scheme of Arrangement. Out of 149,559 creditors, holding claims totaling $206.9 million, an impressive 143,190 voted in favor, showcasing a strong backing for the companyโs plans. As the next step, the court’s greenlight is now awaited, which will determine WazirX’s financial restructuring future. This development is promising for stakeholders and signifies a collective effort to stabilize operations amid challenging market conditions.