Sentul City (BKSL) Announces It Is Free from Bankruptcy Lawsuit

Sentul City (BKSL) Announces It Is Free from Bankruptcy Lawsuit

Jakarta, CNBC Indonesia - Property issuer PT Sentul City Tbk (BKSL) announced that the company is now free from bankruptcy lawsuits following a court ruling. This follows the Central Jakarta District Court’s approval of the company’s request to revoke the cancellation of the peace agreement.

The case is registered under number 1/Pdt.Sus-Pailit-Pembatalan Perdamaian/2026/PN Niaga JKT.PST jo Number 24/Pdt.Sus-PKPU/2021/PN Niaga Jkt.Pst, with Eddon Pratama Wijayaputra as the plaintiff and BKSL as the defendant. The court granted the request to revoke the cancellation of the peace agreement.

“The plaintiff is ordered to pay court costs of IDR 1.4 million,” as quoted from the company’s disclosure to the Indonesia Stock Exchange (BEI), in Jakarta, Wednesday (25/2/2026).

Previously, Sentul City had filed a request to cancel the bankruptcy lawsuit. However, management firmly denied allegations of violating obligations under the peace agreement.

Management stated that since the Peace Agreement was approved through homologation, the company has fulfilled all obligations in good faith in accordance with applicable provisions. “To date, the Company has in good faith fulfilled each and every of its obligations as set forth in the Peace Agreement,” the management wrote, Tuesday (20/1/2026).

The company also affirmed that its business operations continue to run normally by applying good corporate governance principles. BKSL assures all creditors and stakeholders that the sustainability of the business remains intact.

All binding agreements, including the homologated Peace Agreement, remain the company’s primary commitment in maintaining business continuity and continuously improving company value. Regarding the legal process, management affirmed that BKSL will respect and follow all stages in accordance with applicable laws and regulations.