United Coal’s Insolvency, and Merpati Airlines’ PKPU

The insolvency process of PT United Coal Indonesia is supposed to be over soon. The team of curators in charge of the process is still waiting for the decision at the stage of cassation before they could distribute the last batch of debts payment. Meanwhile, at the Commercial Court of the Surabaya District Court, the creditors of Merpati Airlines accepted the Company’s request for time extension and granted Merpati 45 additional days to draw up their debts repayment scheme and proposal.

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