PT Margahayu Land Development (MLD) ended the year 2017 and began the year 2018 with four lawsuits filed against its four different subsidiaries. The lawsuits were filed by the companies’ creditors, business partners, and buyers of properties. Fortunately, the group is able to peacefully resolve all of the disputes.
Read MorePT Menara Perkasa Margahayuland, a subsidiary of PT Margahayu Land Development (MLD), is in their period of Suspension of Debts Payment (PKPU) after the Panel of Judges of the Commercial Court at the Central Jakarta District Court received the lawsuit filed by one of the buyer of their apartment unit in The Kencana Residence, Pondok Indah. By the time team of administrators and the Company held the latest meeting of creditors, the Company recorded a total debt of over Rp700 billion.
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