Over two years ago, we reported on a lawsuit registered to the Commercial Court at the Central Jakarta District Court against PT Kagum Karya Husada and its founder one Henry Husada (Kagum Group). The one filing the lawsuit is PT Bank Rakyat Indonesia Agroniaga Tbk (AGRO), seeking Kagum Group to restructure its debts. AGRO kept trying to force the Group to restructure its debt (PKPU) through several similar lawsuits until its lawsuit was finally accepted in mid-2020. Towards the end of 2020, the Group and its founder were declared bankrupt. But the Group refused to give up. It filed a lawsuit against the team of curators in the bankruptcy process and asked the court to overturn the bankruptcy decision on the Company.
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