Bakrie fights bankruptcy suit<\/p>\n
JAKARTA (JP): Listed PT Bakrie Finance Corporation is going to
\nask the Supreme Court to annul its bankruptcy status, by filing a
\nCivil Review, a lawyer said.<\/p>\n
\"We will lodge the Civil Review suit on Friday or next Monday
\nwith the Supreme Court,\" Jonson Hutajulu, a lawyer representing
\nBakrie Finance, told The Jakarta Post on Thursday.<\/p>\n
A Supreme Court Civil Review is the final level of the
\nIndonesian bankruptcy court after the appeal level, also at the
\nSupreme Court.<\/p>\n
The Supreme Court, previously at the appeal level, declared
\nBakrie Finance bankrupt in mid-May, overruling a previous verdict
\nby the Jakarta Commercial Court which initially saved the company
\nfrom bankruptcy.<\/p>\n
The bankruptcy suit was filed by four Hong Kong-based
\ncreditors in mid February at the Jakarta Commercial Court for
\nBakrie Finance's alleged failure to repay US$13.5 million in
\nmatured debts.(udi)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/bakrie-fights-bankruptcy-suit-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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