As we all know, PT Grahalintas Properti is in a period of Suspension of Debts Payment (PKPU). The Company, however, was able to reach an agreement with its separatist creditor, i.e., PT Bank CIMB Niaga Tbk after using all the time limit provided for negotiations. The agreement is the most crucial achievement in this PKPU process because the Company owes the most debts to BNGA. In addition to that, in the last meeting of creditors, the majority of creditors reportedly accepted the peace proposal. With this agreement, the Company will escape bankruptcy, pending the promulgation of the peace agreement by the Panel of Judges of the Commercial Court of the Central Jakarta District Court.To subscribe please click here
