The Semarang City Commercial Court has granted the request of one of PT Sri Rejeki Isman’s Tbk (Sritex) creditors to maintain the continuity of debt payment obligations (PKPU), thus declaring the legendary textile company bankrupt.
Semarang City Commercial Court Spokesperson, Haruno Patriadi, said in Semarang, Central Java, on Wednesday, October 23, 2024, confirming the decision that befalls PT Sritex to go bankrupt.
According to him, the decision in the conference led by Chief Justice Muhammad Anshar Majid granted the request of PT Indo Bharat Rayon as a debtor of PT Sritex.
“Granting the complaint request. Canceling the PKPU peace…
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