Huser Ltd. filed an appeal Friday against a Tokyo District Court decision the previous day to begin bankruptcy procedures for the Tokyo-based condominium developer involved in an earthquake-resistance data fabrication scam.
Huser, which filed the appeal with the Tokyo High Court, did not reveal its reasons. The court-led bankruptcy procedures are at the request of condo buyers who want to ensure the firm's assets remain intact so they can receive damages.
Lawyer Hideo Seto, who was named Thursday by the district court as administrator for Huser's bankruptcy procedures, said Friday he met with Huser President Susumu Ojima overnight and received 5.4 million yen in cash from the firm.