WazirX, in their recent update has explained about the ”SUM 940”. It is the legal application that Zettai filed in the Singapore High Court. This application seeks formal approval, or sanction, for the Scheme of Arrangement following the conclusion of the voting process. It is a standard and necessary step in the restructuring journey.

Importantly, this step is not causing any delays. It is part of the planned timeline for the restructuring process. WazirX has made it clear that the Scheme must be legally sanctioned by the Court before any distributions or the platform restart can take place. The Court has scheduled the hearing for May 13, 2025, and Zettai is moving forward in line with this timeline. This means that stakeholders can expect progress as the company adheres to its outlined schedule.

The approval of SUM 940 is crucial for the next phases of the restructuring. Once sanctioned, the company can initiate distributions and work toward restarting the platform. This process reflects Zettai’s commitment to transparency and adherence to legal protocols.

As the hearing date approaches, the company remains focused on maintaining clear communication with all stakeholders. They are optimistic about the outcome and the future of the platform. The path forward is set, and the team is ready to navigate the next steps in this significant journey.