PT Sumatera Persada Energi (SPE), the subsidiary of PT Asiabumi Petroleo, enters into a period of PKPU once month beginning October. The Company voluntarily applied for the PKPU, and the application was granted by the Panel of Judges of the Commercial Court of the Central Jakarta District Court. Previously, SPE entered a period of PKPU in 2014, and that process ended peacefully. That said, PT Bank CIMB Niaga Tbk (BNGA), the separatist creditor, filed a lawsuit to cancel the 2014 peace agreement.To subscribe please click here
