Near Intelligence, Inc., along with its affiliates, filed a combined plan of liquidation with related disclosure statement in the US Bankruptcy Court on December 8, 2023. As per the plan filed, administrative claims, U.S. trustee fees, professional fee claims, priority tax claims and priority non-tax claims shall be paid in full in cash. dip loan claims shall be satisfied in full, and reduced to zero on a dollar for-dollar basis, pursuant to the credit bid transaction as of the consummation of the sale or shall be paid in cash.

other secured claims shall either be paid in full in cash or delivered collateral securing such claim. prepetition loan claims shall be entitled to, on a first priority basis, its pro rata share of the litigation trust distribution proceeds, if any, up to the allowed amount of such prepetition loan claims, less the credit bid amount or shall be paid in cash. general unsecured claims shall receive their pro rata share of the litigation trust distribution proceeds.

existing securities law claims, interests, intercompany claims and intercompany interests shall not receive or retain any distribution under the plan. The plan shall be funded from available cash and sale of assets.