We submitted a motion to the Tokyo District Court again on March 28, 2018, urging the court to promptly issue a decision to commence rehabilitation proceedings and convert the bankruptcy proceedings to rehabilitation proceedings.
We have submitted a motion to the court on March 28, 2018 (for details please refer to the “Submission of a Motion to the Court” posted on March 28, 2018 ), but the court have not yet issued a decision to commence rehabilitation proceedings. Therefore, based on the contents of the Examiner’s report, we sent letters to BTC creditors, whom we could reach, confirmed the intention to convert to rehabilitation proceedings, and we reported to the court the results using the motion.
Around 200 creditors (around BTC 105,000) have sent letters so far, which we believe proves that many creditors support our activities.
We are grateful for BTC creditors who sent letters.
Thank you for your continued support.
Nishimura & Asahi