On September 30, 2019, the Panel of Judges of the Commercial Court at the Semarang District Court decided to grant the lawsuit on Suspension of Debts Payment (PKPU) filed against six companies under the Duniatex Group. The first meeting of creditors was held last week, but not much has happened besides the fact that Duniatex received provisional relief from potential bankruptcy from the South New York Commercial Court in the United States after filing for protection under Chapter 15 of the US Bankruptcy Law. Now, the Group is reportedly considering several options to repay their obligations.
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