PT Dwi Aneka Jaya Kemasindo Tbk (DAJK) is finally bankrupt. The Panel of Judges of the Commercial Court at the Central Jakarta District Court decided in favor of PT Bank Mandiri (Persero) Tbk (BMRI) and granted the bank’s application for cancellation of peace agreement signed back in January 2017. The DAJK refused to go down, however, and said they will fight to the stage of cassation. Elsewhere, the team of curators in the process of insolvency of PT Nyonya Meneer is starting to auction the its assets. But a new problem arose. The Semarang District Court granted the lawsuit filed by former employees of Nyonya Meneer on the amount of severance they should receive. Nyonya Meneer must also face a tort lawsuit.To subscribe please click here
