Moratorium
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WazirX’s Moratorium Appeal Gets Four Months' Time from Singapore Court, Here’s What it Means
A Singapore court has granted WazirX a four-month moratorium period to complete its financial restructuring. In a press note released by the exchange on Thursday, September 26 it said that this action paves way for a legally binding resolution to restore WazirX’s crypto balances.
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WazirX’s Moratorium Plan Backed by Just 441 Users Amidst Widespread Social Media Backlash
In a recent affidavit, WazirX informed its users that only 441 have backed the moratorium appeal filed by its majority stakeholder, Zettai, in a Singapore court. WazirX also disclosed to Gadgets360 that it currently has two million monthly active users.
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WazirX’s Singapore-Based Stakeholder Zettai Applies for Moratorium to Restructure Funds
WazirX estimates that Zettai may take at least six months to stitch up a scheme, which if approved by the creditors and sanctioned by the Singapore Court, “would be legally binding on all relevant parties, including Zettai.” The platform needs this time to finalise the terms and conditions of this financial restructuring scheme.
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Government Said to Seek an End to WTO’s 1998 Tariff Freeze on Digital Trade
The government is said to be planning to push the World Trade Organization to lift a moratorium on customs duties on electronic transmissions. Such a move by the WTO would allow tariffs to be imposed on anything from software downloads to video games.
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In Letter To Amit Shah, Union Minister Proposes New Unreserved Lok Sabha Seat In Manipur After 2026
Union Minister Rajkumar Ranjan Singh has written to Home Minister Amit Shah over the delimitation exercise in Manipur which is likely to happen once the moratorium ends in 2026, if it is not postponed.
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Sri Lanka Declares 1-Year Pause On Foreign Research Vessels Starting January 2024
Sri Lanka decided to impose a one-year moratorium starting next month on allowing foreign vessels to conduct research in its territorial waters, Foreign Minister Ali Sabry said, amid frequent docking requests from Chinese surveillance ships.
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Banks Asked To Defer EMIs In Violence-Hit Manipur For Up To 12 Months
Banks in violence-hit Manipur have been told to extend the moratorium on loans up to 12 months, officials said today.
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"Will Have No Consequence": Go First On Termination Of Aircraft Leases
Termination of leases for aircraft by their lessors would not have any consequence as the moratorium has been imposed under insolvency resolution proceedings, Wadia group air carrier Go First on Friday said.
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Ahead Of IMF Bailout, Sri Lanka Seeks "10-Year" Time To Repay Debt
Cash-strapped Sri Lanka is seeking a 10-year moratorium on its foreign debt, President Ranil Wickremesinghe's office said Monday on the eve of a desperately needed $2.9 billion IMF bailout.
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Vauld Applies for Protection Against Creditors After Pausing Withdrawals
Vauld, a Singapore crypto exchange, has moved to file protection from its lenders in Singapore. The move to get a moratorium would give the lender some breathing space to restructure.
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Bharti Airtel Defers Payment of AGR Dues Up to FY19 After DoT's Moratorium Offer
Bharti Airtel on Thursday said it has opted to defer the payment of AGR dues up to FY 2018-19, that are not tabulated in the Supreme Court's order, by up to four years. Last week, debt-ridden telecom operator Vodafone Idea (VIL) decided to defer payment of additional AGR dues of Rs. 8,837 crore by a period of four years.
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NY Bill Aims To Limit Crypto Miners Using Fossil Fuel-Generated Power
The New York State Legislature has passed a bill that would impose a two-year moratorium on the use of fossil-fuel power plants to provide energy to miners of cryptocurrencies like Bitcoin, but Governor Kathy Hochul's office on Monday said she had not yet decided whether to sign it.
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New York Bill Aims To Limit Fossil Fuel Energy Use For Crypto Mining
New York State Legislature has passed a bill imposing a two-year moratorium on use of fossil-fuel power plants to provide energy to crypto miners
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India Said to Oppose Moratorium on Customs Duties on E-Commerce Trade at Next WTO Meeting
India is said to oppose the continuation of moratorium on customs duties on e-commerce trade at the next WTO's meeting in Geneva. Waiver on custom duties adversely impacting the developing countries, said an official.
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Sufficient Competition In Telecom Sector Despite Consolidation: Government
Despite consolidation witnessed in the telecom sector in the last decade, there is sufficient competition, government has said
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WazirX’s Moratorium Appeal Gets Four Months' Time from Singapore Court, Here’s What it Means
A Singapore court has granted WazirX a four-month moratorium period to complete its financial restructuring. In a press note released by the exchange on Thursday, September 26 it said that this action paves way for a legally binding resolution to restore WazirX’s crypto balances.
-
WazirX’s Moratorium Plan Backed by Just 441 Users Amidst Widespread Social Media Backlash
In a recent affidavit, WazirX informed its users that only 441 have backed the moratorium appeal filed by its majority stakeholder, Zettai, in a Singapore court. WazirX also disclosed to Gadgets360 that it currently has two million monthly active users.
-
WazirX’s Singapore-Based Stakeholder Zettai Applies for Moratorium to Restructure Funds
WazirX estimates that Zettai may take at least six months to stitch up a scheme, which if approved by the creditors and sanctioned by the Singapore Court, “would be legally binding on all relevant parties, including Zettai.” The platform needs this time to finalise the terms and conditions of this financial restructuring scheme.
-
Government Said to Seek an End to WTO’s 1998 Tariff Freeze on Digital Trade
The government is said to be planning to push the World Trade Organization to lift a moratorium on customs duties on electronic transmissions. Such a move by the WTO would allow tariffs to be imposed on anything from software downloads to video games.
-
In Letter To Amit Shah, Union Minister Proposes New Unreserved Lok Sabha Seat In Manipur After 2026
Union Minister Rajkumar Ranjan Singh has written to Home Minister Amit Shah over the delimitation exercise in Manipur which is likely to happen once the moratorium ends in 2026, if it is not postponed.
-
Sri Lanka Declares 1-Year Pause On Foreign Research Vessels Starting January 2024
Sri Lanka decided to impose a one-year moratorium starting next month on allowing foreign vessels to conduct research in its territorial waters, Foreign Minister Ali Sabry said, amid frequent docking requests from Chinese surveillance ships.
-
Banks Asked To Defer EMIs In Violence-Hit Manipur For Up To 12 Months
Banks in violence-hit Manipur have been told to extend the moratorium on loans up to 12 months, officials said today.
-
"Will Have No Consequence": Go First On Termination Of Aircraft Leases
Termination of leases for aircraft by their lessors would not have any consequence as the moratorium has been imposed under insolvency resolution proceedings, Wadia group air carrier Go First on Friday said.
-
Ahead Of IMF Bailout, Sri Lanka Seeks "10-Year" Time To Repay Debt
Cash-strapped Sri Lanka is seeking a 10-year moratorium on its foreign debt, President Ranil Wickremesinghe's office said Monday on the eve of a desperately needed $2.9 billion IMF bailout.
-
Vauld Applies for Protection Against Creditors After Pausing Withdrawals
Vauld, a Singapore crypto exchange, has moved to file protection from its lenders in Singapore. The move to get a moratorium would give the lender some breathing space to restructure.
-
Bharti Airtel Defers Payment of AGR Dues Up to FY19 After DoT's Moratorium Offer
Bharti Airtel on Thursday said it has opted to defer the payment of AGR dues up to FY 2018-19, that are not tabulated in the Supreme Court's order, by up to four years. Last week, debt-ridden telecom operator Vodafone Idea (VIL) decided to defer payment of additional AGR dues of Rs. 8,837 crore by a period of four years.
-
NY Bill Aims To Limit Crypto Miners Using Fossil Fuel-Generated Power
The New York State Legislature has passed a bill that would impose a two-year moratorium on the use of fossil-fuel power plants to provide energy to miners of cryptocurrencies like Bitcoin, but Governor Kathy Hochul's office on Monday said she had not yet decided whether to sign it.
-
New York Bill Aims To Limit Fossil Fuel Energy Use For Crypto Mining
New York State Legislature has passed a bill imposing a two-year moratorium on use of fossil-fuel power plants to provide energy to crypto miners
-
India Said to Oppose Moratorium on Customs Duties on E-Commerce Trade at Next WTO Meeting
India is said to oppose the continuation of moratorium on customs duties on e-commerce trade at the next WTO's meeting in Geneva. Waiver on custom duties adversely impacting the developing countries, said an official.
-
Sufficient Competition In Telecom Sector Despite Consolidation: Government
Despite consolidation witnessed in the telecom sector in the last decade, there is sufficient competition, government has said
