The deadline was pushed after the Rehabilitation Trustee filed a motion to seek an extension of the submission deadline of the rehabilitation plan, following which, the Tokyo District Court issued an order to extend it.
The extension was issued at an interesting time since it came on the back of market-wide anticipation about 150,000 BTC being released to creditors, with many expecting significant sell pressure in the Bitcoin market following the same.
The news, however, did not come as much of a surprise to many as the deadline in question had been pushed back a couple of times already in the past.
According to the statement accompanying the extension, some matters require “closer examination,” before the plan can be finally submitted. It should be noted here that this was the same statement that was used when the deadline was pushed back on 31 March.
This article is being updated…