WazirX’s Singapore-Based Stakeholder Zettai Applies for Moratorium to Restructure Funds

WazirX’s Singapore-Based Stakeholder Zettai Applies for Moratorium to Restructure Funds

Zettai Pte Ltd, the Singapore-based majority stakeholder in WazirX, has sought a moratorium in order to restructure its finances. A moratorium can be explained as a legal authorisation to debtors to postpone payments. Zettai’s application, filed in a Singapore court, is part of the firm’s attempt to buy some time…