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Search result with “Sritex Bankruptcy Ruling” as a keyword founded 16 news.
Jakarta Hotel Seized as Asset in Sritex Credit Corruption Investigation
... involving Sri Rejeki Isman (Sritex), one of the country’s ... younger brother of former Sritex chief executive Iwan Setiawan ... probe followed a court ruling that declared Sritex bankrupt after the ... IDX Urges Delisting of Sritex After Bankruptcy, CEO’s ArrestNews Dec 12, 2025 | 10:35 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 ... : Sritex Takes Last Legal Avenue after Supreme Court Rejects Appeal against Bankruptcy RulingBusiness May 22, 2025 | 6:43 pm
Bankrupt Textile Giant Sritex’s Ex-CEO Arrested in Graft Case
... loans. The investigation follows Sritex’s declaration of bankruptcy in October 2024 and ... court-appointed receiver overseeing the bankruptcy process reported that the ... More: IDX Signals Delisting of Sritex After Bankruptcy Ruling The preferred creditors, those ...News May 21, 2025 | 1:58 pm
“My Saddest Eid”: Cirebon Factory Closure Leaves 1,126 Jobless, Workers Demand Rehire
... , Sri Rejeki Isman (Sritex), is ceasing operations after a bankruptcy ruling, impacting over 10 ... has been done. Read More: Sritex May Resume Operations Under New ... 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
... and the broader manufacturing industry. Sritex Among the most notable closures ... Isman (Sritex), which officially halted operations on March 1 following bankruptcy proceedings. ... 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
... liquidated following a bankruptcy ruling, the curator team announced on Monday. Sritex’s assets are ... Supreme Court upheld the company’s bankruptcy due to its failure to ... investor is eligible to lease Sritex’s assets," said Nurma Sadikin, a representative ...Business Mar 3, 2025 | 3:33 pm
IDX Signals Delisting of Sritex After Bankruptcy Ruling
... Isman, also known as Sritex (IDX: SRIL), following ... exchange had met with Sritex management to confirm the ... on Friday. Read More: Sritex, Indonesia’s Largest Textile Firm, ... of Sritex employees began packing up their belongings following a bankruptcy ruling ...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 ... recently rejected Sritex’s appeal, upholding the Semarang District Court’s ruling that ... Immanuel said, promising that all Sritex employees will receive severance payments ...Business Feb 28, 2025 | 2:59 pm
Sritex Furloughs 3,000 Employees After Bankruptcy Appeal Rejected
... court sided with the initial bankruptcy ruling,” he said. The company’s debt ... concerns, but Lukminto highlighted that Sritex has maintained strong relationships with ... proceedings leading to bankruptcy. Founded 58 years ago, Sritex is a major player ...Business Dec 21, 2024 | 10:52 am
Sritex Takes Last Legal Avenue after Supreme Court Rejects Appeal against Bankruptcy Ruling
... Isman, popularly known as Sritex, to overturn a bankruptcy ruling issued by the Semarang ... District Court two months ago. Sritex CEO ... to the 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
... imports. Textile giant Sritex not long ago got a bankruptcy ruling, and had recently ... payroll. Both the government and Sritex have also promised that the ...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 ... workforce. “Sritex has not laid off employees amid this bankruptcy. Around 2,500 ... committee to investigate the recent bankruptcy ruling against Sritex. Members of the House ...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 textile company ... Court would accept Sritex’s appeal and overturn the bankruptcy ruling. The bankruptcy was declared ...Business Nov 8, 2024 | 2:33 am
Deputy Minister Assures No Layoffs for 50,000 Sritex Workers Despite Court Ruling
... the management, represented by Sritex owner Iwan Setiawan Lukminto ... to avoiding layoffs. Sritex President Director Iwan Setiawan ... conditions, not a result of bankruptcy. “Our focus is to ... District Court recently declared Sritex bankrupt following a lawsuit ...News Oct 29, 2024 | 9:55 am
Sritex Develops 'Grand Strategy' to Keep Business Afloat and Protect 50,000 Jobs
... as Sritex, is implementing a plan to stabilize its business following a recent bankruptcy ruling ... develop options and strategies for Sritex’s recovery. The government’s primary ... a court ruling to annul a prior debt restructuring agreement with Sritex, which ...Business Oct 28, 2024 | 3:52 pm
Government Backs Sritex as Textile Giant Fights Bankruptcy
... Isman (Sritex) responded to the Semarang Commercial Court's Oct. 21 bankruptcy ruling, which ... . He further stressed that the bankruptcy ruling does not stem from internal ... -to-day activities at Sritex’s production facilities. “This ruling does not mean ...Business Oct 25, 2024 | 6:02 pm
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