PT AKR Corporindo Tbk (AKRA), the largest distributor of fuel in private sector, filed a bankruptcy lawsuit against its business partner PT Kapuas Tunggal Persada (KTP), the subsidiary of PT Mutiara Bara Energy, in December 2016 over Rp19.63 billion debt dispute. In the petition, AKRA mentioned several other creditors, but KTP claimed to not recognize the other creditors. The Panel of Judges of the Commercial Court of the Central Jakarta District Court decided in favor of KTP and rejected AKRA’s lawsuit.To subscribe please click here