Telecommunication Firm Faces PKPU Petition

JAKARTA (Yosefardi) – Telecommunication provider PT Citra Sari Makmur (CSM) is currently facing a threat of Postponement of Debt Settlement Obligation (PKPU). PT Bank Bukopin Tbk (BBKP) filed the PKPU over CSM to the Central Jakarta District Court. The bank claimed...

Greenwood to Send Third Notice on Land Dispute

JAKARTA (Yosefardi) – As until October 3, 2013, property firm PT Greenwood Sejahtera Tbk (GWSA) did not receive responses from PT Sinar Bonana Jaya (SBJ), Mrs Betty Dona Siahaan, and Tunggul Simanjuntak related to ownership of huge parcel of land, Greenwood will...

Tranka Kabel in PKPU for Voluntary Petition

JAKARTA (Yosefardi) – Central Jakarta Commercial Court granted PT Tranka Kabel’s Postponement of Debt Settlement Obligation (PKPU) voluntary petition. Through verdict No 61/Pdt-Sus/PKPU/2013/PN.Niaga.JKT.PST, the court declared that the cable company is in PKPU for...