A Courtroom Drama: WazirX’s Bid for Revival Will Leave You Gasping! 🤯

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  • Lo and behold, the Singapore High Court, like a benevolent fairy godmother, offers Zettai a new chance to rescue its beleaguered WazirX! 🦸‍♂️
  • In a plot twist worthy of a soap opera, creditors are granted yet another flamboyant opportunity to approve a plan to breathe life back into the WazirX crypto platform. 🪄
  • Should the votes cascade favorably, WazirX may rise like a phoenix, and creditors might find themselves serenaded with long-awaited repayments. 🎤💰

The esteemed Singapore High Court has granted Zettai Pte Ltd permission to embark on yet another mission: a new vote on its amended Scheme of Arrangement. Imagine, if you will, creditors gifted another chance to steer the ship of this crypto platform through stormy seas! This favorable ruling has overturned a rather dreary decision from June 4, 2025, stretching the moratorium on Zettai until September 16, 2025. A fine party indeed! 🎉

High Court Paves the Way for the Grand WazirX Revival, Complete with Payouts!

In what can only be described as a dramatic act of resurrection, Zettai aims high, propelling itself toward reviving WazirX. Their dreams hinge entirely on a relaunch and the swift return of funds to creditors. The High Court, having heard arguments as persuasive as an opera singer at a dinner party, decided to overturn its previous verdict. And now, the creditors find themselves once more at the ballot box! 🎭

Following this judicial approval, Zettai will unfurl a newly revised Scheme of Arrangement, like a magician revealing the secret to a great trick. The document will supplement its Explanatory Statement, helping creditors understand the grand changes coursing through the amended plan. A veritable guide to navigating the choppy waters of finance! ⛵

Zettai will hold a grand townhall with the creditors – a delightful spectacle where the audacious proposals of the modified Scheme will finally be unveiled. Questions will flow, as will the hopes of financial prosperity, underlined by the tantalizing prospect of expedient distributions and a platform revival! 🎤

After this townhall debacle, the creditors will once again be called to cast their votes on the new and improved Scheme. Zettai dares to hope for yet another round of applause from their financial patrons. A positive vote could accelerate funding and breathe life back into the WazirX machinery, revving it up for another run! 🚀

But the drama does not end there! Once the curtain closes on voting, the real work begins: every ballot will be scrutinized and validated by an Independent Assessor, because heaven forbid there’s foul play in the land of crypto. The results then will skedaddle to Zettai and the Scheme Manager, leading Zettai to seek the High Court’s blessing to ratify the new Scheme, with a potential encore hearing awaiting on the horizon. 🎭

Creditors’ Revote: The Heartbeat of WazirX’s Renaissance and Fund Redemption

If the court ultimately rolls out the red carpet for approval, Zettai’s Indian arm, Zanmai India, will spring into action, initiating the first payments to creditors within ten business days. A fine reminder that some things do, indeed, move at a snail’s pace, but who’s counting? 🐌💸

This revote serves a crucial role—ensuring creditors can raise their hands in agreement with the new plan, that is, provided they haven’t dozed off. The court is eager to maintain equilibrium and ensure everyone is on board before granting its precious final approval. A favorable vote would allow Zettai to orchestrate a grand, orderly, and equitable relaunch of WazirX, just as is drolled up in their hopes! 🎩

The bailout scheme has ignited a spark of optimism among creditors, who find solace in the idea that their investments may not be lost to the ages. It suggests that WazirX could re-emerge rather than fade into oblivion, with plans to distribute funds and gradually resuscitate the platform. 🕊️

With fingers crossed, Zettai expects creditors to rally in force once more. Should the vote find favor, the path is clear toward the High Court’s blessing and the much-anticipated reawakening of WazirX trading. A wave of relief will wash over users eager to recoup their investments, as the platform rises from the ashes once again! 🥳

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2025-07-20 00:15