Nischal Shetty, Founder of WazirX | Photo credit:
Singapore’s High Court has officially approved the creditor-approved restructuring plan proposed by Zettai Pte Ltd, WazirX’s parent company, with amendments, according to an announcement on Monday.
“Once the scheme becomes legally effective based on today’s verdict, we will commence platform operations within ten working days. To all those who have supported us with patience and faith,” said Nischal Shetty, Founder of WazirX.
This comes after 95.7 percent of voting creditors, representing 94.6 percent by value, again voted in favorof the scheme in August. Previously, WazirX held a revote for its arrangement from July 30 to August 6. The scheme will help users recover stolen assets worth $234.9 million (approximately ₹2,000 crore).
As a next step, Zettai will submit the order to the Accounting and Corporate Regulatory Authority (ACRA). Within 10 business days after the plan comes into effect, the WazirX platform will restart and token distributions to plan creditors will take place. Zettai will notify all creditors of the scheme of the relevant legal documents and timelines.
With the restart, WazirX will continue to focus on building the best platform for the Indian crypto ecosystem. To further strengthen the security of funds, the company has partnered with BitGo, a leading custodian.
Published on October 13, 2025
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