Sources involved with the Indonesian operator’s PKPU proceedings in Jakarta say creditors have been asked to cast ballots on 27 December.
While the group is facing a 2 January deadline imposed by the commercial court overseeing the overhaul observers admit they wouldn’t be surprised if the timeline were extended yet again.
BLT and its lead advisor, Cosimo Borrelli of Borrelli Walsh, say the operator may be forced to file for bankruptcy if the requisite majority of creditors fail to vote in favour of the proposal.
“We
