The trials on the Suspension of Debt Payment (PKPU) lawsuits against the textile giant PT Sri Rejeki Isman Tbk (SRIL or Sritex) continue. On May 6, 2021, the Panel of Judges granted the lawsuit filed by CV Prima Karya, despite rejections from other parties. The other lawsuit filed by PT Bank QNB Indonesia Tbk (BKSW) is to be decided on May 10, 2021. The lawsuits and decision are unfortunate for Sritex, but the court examinations are not the only problems the Company has to face.
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