PT SRI REJEKI ISMAN TBK & 7 Ors
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Key facts
| Court | Singapore International Commercial Court |
|---|---|
| Decided | |
| Judge | Christopher S. Sontchi |
| Charges / claim | Insolvency Law |
| Counsel | Delta Law Corporation, RCLT Law Corporation, Choo Zheng Xi, Chua Shi Jie, Lee Lieyong Sean, Lock Hui Xuan, Rabin Kok, Shann Liew Zi Xuan |
Source: [2026] SGHC(I) 16, Singapore International Commercial Court, decided — eLitigation. Updated .
Catchwords
Practice Areas
Judges (1)
Counsel (8)
Parties (8)
Case Significance
Re PT Sri Rejeki Isman Tbk and others [2026] SGHC(I) 16 is a decision of Christopher S. Sontchi IJ in the Singapore International Commercial Court, delivered on 26 August 2026 in Originating Application No 7 of 2026. The fifth to eighth applicants, the Curators of four Indonesian companies in liquidation forming the Sritex Group, sought recognition of the Indonesian Bankruptcy Proceeding as a foreign main proceeding under the UNCITRAL Model Law on Cross-Border Insolvency, as adopted by s 252 of the Insolvency, Restructuring and Dissolution Act 2018. They also sought extended stay, investigative and administrative relief, linked to senior notes with a total value of US$725,000,000. The court held that the centre of main interests was Indonesia, recognised the proceeding as a foreign main proceeding and granted the specific reliefs, on condition that no assets could be repatriated or distributed without leave of the court.
[2026] SGHC(I) 16 explained
PT SRI REJEKI ISMAN TBK & 7 Ors ([2026] SGHC(I) 16) is a Singapore judgment decided by the Singapore International Commercial Court on 26 August 2026. It is categorised under Insolvency Law. It is a recent decision; within this corpus no later judgment has cited it yet. This page summarises what the reported decision covers and links the primary sources — the full judgment, the statutes it cites, and the other cases it engages with — so the decision can be read in context. It is reference information, not legal advice, and it does not state the outcome or any holding beyond what the official judgment records.
What is [2026] SGHC(I) 16 about?
PT SRI REJEKI ISMAN TBK & 7 Ors ([2026] SGHC(I) 16) is a Singapore International Commercial Court decision from 2026. Its published catchwords are “Insolvency Law — Cross-border insolvency — Recognition of foreign insolvency proceedings”, which indicate the subject matter the judgment addresses. The full reasoning and orders are in the judgment itself, linked below.
Which legislation does [2026] SGHC(I) 16 consider?
The judgment refers to Insolvency, Restructuring and Dissolution Act and Restructuring and Dissolution Act. The statutes cited are listed in full on this page, each linking to its primary text.
What earlier Singapore cases does [2026] SGHC(I) 16 cite?
Among the in-corpus authorities it refers to are [2024] SGHC 155. The complete list of cases cited, and of later cases that cite this decision, is shown on this page.
What did the court decide in Re PT Sri Rejeki Isman Tbk [2026] SGHC(I) 16?
The court recognised the Indonesian Bankruptcy Proceeding as a foreign main proceeding under the Model Law and granted extended stay, investigative and administrative relief, subject to the condition that no assets could be repatriated or distributed without leave of the court.
Why was Indonesia the centre of main interests in [2026] SGHC(I) 16?
The registered offices of the Sritex Indonesian Entities were in Indonesia, and the group was physically located, operated and managed from Indonesia. Raising funds in Singapore through the Sritex Singaporean Entities did not displace the Art 16(3) presumption.
Statutes Cited
Cases Cited (18)
Related cases
Other Singapore judgments involving the same parties or counsel.
Judgment
Read the full judgment on the official Singapore Courts portal.
Read on eLitigationSource: eLitigation ([2026] SGHC(I) 16)