Individuals involved in Celsius’ bankruptcy case objected to a motion made by the defunct crypto lender that would extend a key deadline for the second time.
Since it filed for Chapter 11 bankruptcy in July of last year, the company has had the exclusive right of putting forth a restructuring plan for the lender.
In December, the court overseeing Celsius’ Chapter 11 bankruptcy case extended that timeline for Celsius to February 15, after the company stated it needed additional time.
But a motion filed in late January asked the court to push that period out again by 44 days through to March 31, with Celsius being able to solicit votes on the proposed plan through the end of June.
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