The Singapore High Court has officially sanctioned the creditor-approved restructuring scheme proposed by Zettai Pte Ltd, parent company of WazirX, with modification, according to an announcement on Monday.
“As soon as the scheme is legally effective based on today’s verdict, we will start platform operations within 10 business days. To everyone who stood by us with patience and belief,” said Nischal Shetty, founder of WazirX.
This comes after 95.7 per cent of voting creditors, representing 94.6 per cent in value, re-voted in favour of the scheme in August. Earlier, WazirX held a revote for its arrangement scheme from July 30 to August 6. The scheme will help users recover stolen assets worth $234.9 million (around ₹2,000 crore).
As the next step, Zettai will file the order with the A