Bakrie Media Group faced temporary PKPU lawsuit
16 Feb 2024 10:31
PT Laras Nugraha Cipta (LNC) has filed a suspension of debt payment obligation (PKPU) against several television broadcasting companies under Bakrie Group.
Bankruptcy Law and PKPU need to be revised to attract investor interest
26 Oct 2023 19:47
Law (UU) Number 37 of 2004 concerning Bankruptcy and Postponement of Debt Payment Obligations (PKPU) is considered to need to be revised and strengthened to increase the attractiveness of investors in Indonesia.
Economic recovery overshadowed by bankruptcy and PKPU lawsuits
19 Oct 2023 12:52
The national economic recovery carried out by the Indonesian Government after the Covid-19 pandemic continues to be overshadowed by bankruptcy and PKPU (Delay of Debt Payment Obligations) lawsuits, according to HHP (Hadiputranto, Hadinoto & Partners) Law Firm.
Two GMFI partners withdrew PKPU lawsuit
17 Apr 2023 11:54
Two partners of PT Garuda Maintenance Facility Aero Asia Tbk (GMFI) are known to have withdrawn their lawsuit for Suspension of Debt Payment Obligations (PKPU/bankruptcy) at the Central Jakarta Commercial Court, last week (13).
KPAS at default on IDR 173 billion charge
20 Feb 2023 10:25
PT Cottonindo Ariesta Tbk (KPAS), a cotton manufacturer, is declared bankrupt by the Commercial Court of Central Jakarta District Court last week (16/2).
