The US Bankruptcy Court approved the first amended plan of liquidation of Near Intelligence, Inc. on March 15, 2024. The debtor has filed its first amended plan (solicitation version) in the Court on February 5, 2024. As per the amended plan, administrative claims, US Trustee claims, priority tax claims, DIP claims, professional fee claims shall be paid in full in cash.

Prepetition Loan Claims and General Unsecured Claims of $30.32 million shall be paid on pro rata basis in cash. Intercompany Claims and Intercompany Interests shall be reinstated. Interests shall be cancelled.

The plan shall be funded through cash in hand and sale of assets.