Last year, we reported on several legal issues faced by PT Pelangi Indah Canindo Tbk (PICO), a cylinder tank manufacturer. In addition to the lawsuit on Suspension of Debt Payment filed against the Company, the Company is also in dispute with one of its creditors in two different courts. The problems do not end there. Until two weeks ago, PICO was involved in seven lawsuits registered in three different courts, but all the lawsuits are related to each other.To subscribe please click here
