Indonesian agritech firm TaniHub's creditors move court to chalk out debt repayment plan

Indonesian agritech firm TaniHub's creditors move court to chalk out debt repayment plan

Photo: Benjamin Davies/ Unsplash.com

Creditors of the Indonesian agritech startup TaniHub have moved the Jakarta district court looking to put the beleaguered company under the ‘temporary suspension of debt payments’ (PKPU) obligations, show court documents seen by DealStreetAsia.

The court will begin hearing the petitions — filed on Dec. 9 by PT Alpha Swara Konsultan and Ludwina Emilia Maks — on Thursday. If the court admits the petitions, TaniHub’s debt payment obligations will be suspended for 45 days.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter