The debt dispute that lead to a bankruptcy lawsuit for Petroselat Ltd, the subsidiary of PT Sugih Energy Tbk (SUGI), was resolved peacefully. In the trial held on May 18, 2016, the panel of judges of the Commercial Court of the Central Jakarta District Court delivered the decision of the disputing parties to settle outside of the court, and thus the lawsuit against Petroselat was officially revoked.To subscribe please click here
