Bankruptcy petition against Hutama Karya rejected<\/p>\n
JAKARTA (JP): The Jakarta Commercial Court turned down a
\nbankruptcy petition on Wednesday against state-owned builder PT
\nHutama Karya brought by private construction firms PT Jaya
\nReadymix and PT Primacout Lestari.<\/p>\n
Presiding judge Parwoto Wignjo Sumarto declared that Hutama
\nKarya did not have any direct debt obligation to the two private
\nconstruction firms.<\/p>\n
The judge said that it was a joint-operation company set up by
\nPT Hutama Karya and PT Bina Main to develop several property
\nprojects which owed a Rp 2.36 billion (US$314,600) debt to Jaya
\nReadymix and Primacout Lestari.<\/p>\n
"Because of that, the court rejected the petition," he said at
\nthe hearing on Wednesday.<\/p>\n
Early this month, Jaya Readymix and Primacout Lestari filed a
\njoint bankruptcy claim against the state-owned firm, seeking a
\npayment of Rp 2.36 billion (US$315,626) in construction fees.<\/p>\n
Hutama Karya owed Rp 1 billion in construction fees to Jaya
\nReadymix and Primacout for the development of Rajawali
\nCondominium, Rp 47.65 million for the development of Griyamas
\nKemayoran, Rp 8.77 million for Sewa Manis apartment and Rp 1.07
\nbillion for Pluit Laguna apartments.<\/p>\n
The two construction firms were involved in building several
\nprojects owned by Hutama Karya between 1996 and 1997.<\/p>\n
The plaintiff's lawyer, Herry Wibowo, of Teras Narang law
\nfirm, said he was considering an appeal to the Supreme Court.<\/p>\n
In another development, the Jakarta Commercial Court approved
\na temporary suspension of payment proposed by multifinance firm
\nPT Perdana Multi Finance to renegotiate its debt with Bank Nusa
\nNasional (BNN).<\/p>\n
BNN, a financial arm of the widely diversified Bakrie Group,
\nfiled an insolvency petition against Perdana Multi Finance early
\nthis month after the latter failed to pay its debts totaling Rp
\n8.26 billion.<\/p>\n
Perdana Multi Finance also owes Rp 5 billion to Bank
\nUniversal, Rp 5 billion to Bank Dharmala, Rp 2.3 billion to Bank
\nBPD Indonesia and Rp 4 billion to Bank Sahid Gajah Perkasa.<\/p>\n
It also owes Rp 4 billion to Bank Multicor, Rp 30 billion to
\nthe state's Bank Ekspor Impor Indonesia, Rp 17 billion to Bank
\nUnibank, Rp 5 billion to Bank Pos Nusantara, Rp 5 billion to Bank
\nPDFCI and Rp 15.43 billion to the state's Bank Tabungan Negara.<\/p>\n
Perdana Multi Finance has been given 45 days to renegotiate
\nits debts with its creditors. If the company fails to do so, it
\nwill likely be declared bankrupt. (aly)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/bankruptcy-petition-against-hutama-karya-rejected-1447893297",
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