SEMARANG, KOMPAS — The decision of going concern or business continuity is considered impossible to be carried out in resolving the bankruptcy process of Sri Rejeki Isman Tbk or Sritex group. As a result, more than 10,000 Sritex group employees were affected by termination of employment or PHK.
The decision not to carry out a going concern was read out at a creditors’ meeting held at the Semarang District Court, Central Java, on Friday (28/2/2025). The Supervisory Judge who led the meeting, Haruno Patriadi, stated that a going concern was not possible.
“We, the supervisory judge, by assessing the results submitted by the curator team and the debtor, hereby declare that going concern is impossible to implement. We are not opening a…
