PT Binamitra Sumberarta, a subsidiary of PT Delta Ultima Coal (Delta Coal) faced their period of Suspension of Debts Payment (PKPU) since August 2016 due to lawsuit filed by two of its business partners, namely PT RPP Contractors Indonesia (RCI) and PT Uletbulu Mining. But after three months of negotiation, the creditors cannot find agreement with the Company on the best way to resolve the disputes. Therefore, the Company is finally declared bankrupt by the Panel of Judges since November 21, 2016.To subscribe please click here
