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Search result with “Bankruptcy Ruling” as a keyword founded 27 news.
Jakarta Hotel Seized as Asset in Sritex Credit Corruption Investigation
... ). The corruption probe followed a court ruling that declared Sritex bankrupt after ... Urges Delisting of Sritex After Bankruptcy, CEO’s ArrestNews Dec 12, 2025 | 10:35 am
Jakarta Court Rejects Rp 74.5 Billion Debt Settlement Suit Against Asiana Senopati
... .5 billion from the transaction. In a ruling dated September 15, the court ... Bankruptcy and Debt Settlement Law, said Asiana’s attorney Arief Budiman. “The ruling ... and adhere to the court ruling.” Last month, Marzuki’s legal team ...News Sep 18, 2025 | 11:51 am
Former Indonesian Idol Star Questioned by KPK in Money Laundering Case
... bribes from businessmen who sought a bankruptcy ruling for the Central Java-based ...News Jun 19, 2025 | 11:26 am
IDX Urges Delisting of Sritex After Bankruptcy, CEO’s Arrest
... following a Supreme Court ruling that upheld the bankruptcy decision. IDX Corporate Assessment ... for delisting. “Due to the bankruptcy ruling and the fact that SRIL ... Supreme Court Rejects Appeal against Bankruptcy RulingBusiness May 22, 2025 | 6:43 pm
Bankrupt Textile Giant Sritex’s Ex-CEO Arrested in Graft Case
... investigation follows Sritex’s declaration of bankruptcy in October 2024 and its ... court-appointed receiver overseeing the bankruptcy process reported that the company ... Signals Delisting of Sritex After Bankruptcy Ruling The preferred creditors, those granted ...News May 21, 2025 | 1:58 pm
“My Saddest Eid”: Cirebon Factory Closure Leaves 1,126 Jobless, Workers Demand Rehire
... (Sritex), is ceasing operations after a bankruptcy ruling, impacting over 10,000 workers ... need to wait for a court ruling to receive compensation. Yihong Novatex ...Business Apr 6, 2025 | 4:18 pm
Factories Struggle as Indonesia Faces Industrial Challenges in 2025
... halted operations on March 1 following bankruptcy proceedings. Over 10,000 employees ... following a Central Jakarta Civil Court ruling on February 10. Factory closure ...Business Mar 5, 2025 | 6:18 pm
Sritex May Resume Operations Under New Investors
... investors after being liquidated following a bankruptcy ruling, the curator team announced on ... Supreme Court upheld the company’s bankruptcy due to its failure to ...Business Mar 3, 2025 | 3:33 pm
IDX Signals Delisting of Sritex After Bankruptcy Ruling
... packing up their belongings following a bankruptcy ruling by Indonesia’s Supreme Court. The ...Business Feb 28, 2025 | 5:03 pm
Sritex, Indonesia’s Largest Textile Firm, to Shut Down Factories on Saturday
... Central Java on Saturday, following a bankruptcy ruling over its failure to repay ... upholding the Semarang District Court’s ruling that declared the company bankrupt ... appointed curator, ensuring compliance with bankruptcy regulations. “The Manpower Ministry is ...Business Feb 28, 2025 | 2:59 pm
Jakarta Appeal Court Upholds Justice Gazalba’s Graft Conviction and Adds Jail Time
... accepting bribes in connection with a bankruptcy lawsuit against a small lender in ... was released again under a preliminary ruling of the Central Jakarta District ... came to the KPK’s rescue, ruling that KPK prosecutors are authorized ...News Dec 26, 2024 | 5:30 pm
Sritex Furloughs 3,000 Employees After Bankruptcy Appeal Rejected
... Court’s rejection of its bankruptcy appeal. The financially troubled ... sided with the initial bankruptcy ruling,” he said. The company ... legal proceedings leading to bankruptcy. Founded 58 years ago ... across Central Java. Its bankruptcy has raised concerns over ...Business Dec 21, 2024 | 10:52 am
Sritex Takes Last Legal Avenue after Supreme Court Rejects Appeal against Bankruptcy Ruling
... Sritex, to overturn a bankruptcy ruling issued by the Semarang District ... Indonesia -- to contest the ruling. “We consider this ... and reputation. The bankruptcy of Sritex raises significant ... national textile industry.” Sritex’s bankruptcy comes at a time when ...Business Dec 20, 2024 | 3:52 pm
Indonesia Reports $3 Million Smuggled Goods in Just One Week
... Sritex not long ago got a bankruptcy ruling, and had recently decided to ...News Nov 14, 2024 | 2:43 pm
Sritex Avoids Layoffs Amid Bankruptcy, Furloughs 2,500 Due to Material Shortage
... the payroll despite the company’s bankruptcy status declared by the Semarang ... laid off employees amid this bankruptcy. Around 2,500 employees have been ... committee to investigate the recent bankruptcy ruling against Sritex. Members of the ...Business Nov 13, 2024 | 11:02 am
Lawmakers Consider House Committee on Sritex Bankruptcy Ruling
... committee to investigate the recent bankruptcy ruling against Sritex, Indonesia’s largest ... appeal and overturn the bankruptcy ruling. The bankruptcy was declared by the Semarang ... over unpaid debts. The court’s ruling also nullified a previous debt ...Business Nov 8, 2024 | 2:33 am
Deputy Minister Assures No Layoffs for 50,000 Sritex Workers Despite Court Ruling
... market conditions, not a result of bankruptcy. “Our focus is to remain ...News Oct 29, 2024 | 9:55 am
Sritex Develops 'Grand Strategy' to Keep Business Afloat and Protect 50,000 Jobs
... stabilize its business following a recent bankruptcy ruling, a company executive said on Monday ... . The creditor also won a court ruling to annul a prior debt restructuring ...Business Oct 28, 2024 | 3:52 pm
Government Backs Sritex as Textile Giant Fights Bankruptcy
... Commercial Court's Oct. 21 bankruptcy ruling, which declared the company ... its respect for the ruling while emphasizing its ... clarified that despite the court's ruling, the company’s core operations ... further stressed that the bankruptcy ruling does not stem from ...Business Oct 25, 2024 | 6:02 pm
KPK Welcomes Court Ruling Ordering Retrial of Justice Gazalba
... Tessa Mahardhika said the ruling reasserts KPK’s authority in ... decades ago. "The latest ruling doesn’t ignore KPK’s prior ... bribes in connection with a bankruptcy lawsuit against a small lender ... released again under a preliminary ruling of the Central Jakarta ...News Jun 25, 2024 | 2:36 pm
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