TechFlow news, October 13 — According to Financefeeds, Singapore's High Court has officially approved WazirX's revised restructuring plan, allowing the exchange to move forward with its recovery roadmap and financial stabilization measures. WazirX CEO Nischal Shetty revealed that the decision followed extensive negotiations with creditors, with nearly 95% support achieved in the second round of voting.
Earlier reports indicated that an initial version of the exchange’s restructuring plan was rejected by the court in June 2025 due to procedural issues and unclear creditor protection terms. After revising the proposal and re-negotiating, WazirX secured overwhelming support from creditors in August.
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