PT PP Faces Bankruptcy Petition at Jakarta Central Court

Legal Proceedings Initiated

PT PP Tbk (PTPP), a major Indonesian construction company, has been subject to a bankruptcy petition filed by two affiliated companies: PT Atap Perkasa and CV Citra Pratama. The petition was formally registered with the Jakarta Central Commercial Court on December 4, 2025, bearing the case number 381/Pdt.Sus-Pailit/2025/PN Niaga.Jkt.Pst.

Management Response

According to Agus Purbianto, PTPP's Director of Finance, the company received the court summons on December 4, 2025, notifying them of the bankruptcy proceedings. The management has acknowledged the petition and is preparing to address the legal matters arising from this development. The company's official statement was made through an information disclosure dated December 5, 2025.

Implications and Next Steps

The bankruptcy petition against PT PP raises concerns about the company's financial health and potential impact on stakeholders. As the situation develops, the market will be watching for further updates from the company and the court proceedings. The outcome of this case could have significant implications for PTPP's operations and financial standing.