TEMPO.CO, Jakarta – The Central Jakarta Commercial Court has officially declared bankruptcy against PT Sejahtera Bintang Abadi Textile Tbk (SBAT), Indonesian textile company based in Cicalengka, Majalaya, and Cikancung, West Java, Bandung.
The ruling came after the completion of the Suspension of Debt Payment Obligation (PKPU) process under case number 3/Pdt.Sus-PKPU/2025/PN Niaga Jkt.Pst.
SBAT’s controller, Tan Heng Lok, confirmed that the company had already halted operations in July 2024. In an information disclosure to the Indonesia Stock Exchange (IDX) on Wednesday, September 17, 2025, he said the bankruptcy ruling had no further impact on operations or the company’s viability, as activities had stopped months earlier.
The…