The trials on the lawsuits for Suspension of Debt Payment (PKPU) against the textile giant PT Sri Rejeki Isman Tbk (SRIL or Sritex) continues. On May 6, 2021, the Panel of Judges granted the lawsuit filed by CV Prima Karya, despite rejections from other parties. A day prior, the lawsuit filed against PT Rayon Utama Makmur (PT RUM) was granted. The other lawsuit filed by PT Bank QNB Indonesia Tbk (BKSW) against an affiliated company was surprisingly rejected on May 10, 2021. But on the same day, another lawsuit was registered against the same company. So there are two ongoing temporary PKPU processes related to Sritex and one ongoing PKPU lawsuit.
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