Over four months ago, a lawsuit against PT Karya Citra Nusantara (KCN) was registered at the Commercial Court of the Central Jakarta District Court. Listed as the plaintiff is the Company’s former legal counsel Juniver Girsang. The Court granted the lawsuit and KCN was forced to restructure its debt. KCN used the temporary PKPU to resolve the issue with the majority of its creditors. The quick process proved that KCN was a healthy Company. On May 14, 2020, the Panel of Judges was supposed to read the peace agreement, but the hearing was postponed for two months. This has never happened before, but all parties abided by the process. On July 20, 2020, another issue arose. The Court was forced to again postpone the promulgation of the peace agreement.
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