On Molucca Holdings’ Lawsuit
The dispute between Luxembourg’s Molucca Holdings S.à.r.l and PT Pelita Cengkareng Paper is getting more complicated. Molucca first attempted to force the paper company to pay their debts in mid-March 2018 when they filed for a lawsuit on Suspension of Debts Payment (PKPU). But the attempt failed. Molucca then filed for a second PKPU lawsuit within a day. But on May 7, 2018, the second attempt was also rejected by the Commercial Court.
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