Sentul City (BKSL) Free from Bankruptcy Lawsuit, Here's What Happens to Its Shares
Sentul City (BKSL) Free from Bankruptcy Lawsuit, Here’s What Happens to Its Shares
Jakarta, CNBC Indonesia — Property issuer PT Sentul City Tbk (BKSL) has announced that it is free from bankruptcy proceedings after the Central Jakarta District Court granted its request to revoke the cancellation of the peace agreement.
Quoting information disclosure on the Indonesia Stock Exchange (IDX), the case was recorded 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 legal fees of Rp1.4 million,” said management (26/2/2026).
Previously, Sentul City had filed a request to cancel the bankruptcy lawsuit. However, management firmly denied allegations of violating obligations in 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,” management wrote on 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.
Meanwhile, along with the information disclosure, BKSL’s shares closed up 4.38% at 143 in yesterday’s trading, Wednesday (26/2/2026). The increase in BKSL’s shares occurred in the second session after the information disclosure was announced.
(mkh/mkh)