Zettai Technologies to Fight Singapore Court’s Rejection of Its WazirX Restructuring Plan
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- The Singapore High Court has dismissed a proposed restructuring plan for WazirX.
- The plan was submitted by Zettai Technologies to address creditor and user claims.
- Zettai has since filed for a rehearing and is exploring other legal options.
The Singapore High Court has declined to approve a proposed restructuring plan for the embattled crypto platform WazirX, marking a major setback for the recovery efforts led by Zettai Technologies. The decision relates to an application for a Scheme of Arrangement that Zettai claimed would address creditor concerns.
— WazirX: India Ka Bitcoin Exchange (@WazirXIndia) June 13, 2025
Update on Proposed Scheme of Arrangement
As we shared last week, the Singapore Court has declined Zettai’s application in HC/SUM 940/2025 (“SUM 940”) for the Court’s sanction of Zettai’s proposed Scheme. While we understand this news may bring disappointment to our… pic.twitter.com/fvF5Skl002
The application was formally dismissed during a court hearing on June 4, 2025. The court has not yet released the full written grounds for its decision, leaving the path forward for the company and its creditors uncertain.
Related: WazirX R…
The post Zettai Technologies to Fight Singapore Court’s Rejection of Its WazirX Restructuring Plan appeared first on Coin Edition.
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