In just about one year, since the end of 2022, PT Rekayasa Industri (Rekind)—a subsidiary of PT Pupuk Indonesia Holding Company (Persero) and State-owned EPCC company, has faced continuous legal problems. Apart from one high-profile case, there are at least 10 lawsuits filed against the company at the Central Jakarta District Court, nine of which are PKPU lawsuits. The company creditors seek to force the company to restructure its debt. After many attempts, the ninth lawsuit filed in September 2023 was granted by the court. Rekind entered its temporary PKPU period. Luckily, within about three months, Rekind was able to convince its creditors and resolve the dispute with a peace agreement.To subscribe please click here
