Last year, PT Patra Logistik, part of Subholding Commercial & Trading of PT Pertamina (Persero), made headlines because one of the newly appointed directors of the company at the time, amidst all the negative sentiment regarding political dynasties, is the nephew of then President Joko “Jokowi” Jokowi. However, at around the same time, the company had to face a legal issue. PT Putra Patra Utama (PT PPU), one of the company’s partners had claimed that Patra Logistik had neglected to fulfill its payment obligations and filed for a PKPU lawsuit, seeking for the company to restructure its debts. After three attempts, the Panel of Judges of the Commercial Court at the Central Jakarta District Court granted the PKPU lawsuit and Patra Niaga officially entered their PKPU period. The process is ongoing. To subscribe please click here
