Bukaka Teknik Utama Cabut Gugatan PKPU Terhadap Waskita Karya

Illustration of Waskita. (doc. Antara)

JAKARTA - Bukaka Teknik Utama Tbk. known to have withdrawn the Debt Payment Obligation (PKPU) lawsuit against PT Waskita Karya at the Central Jakarta Commercial Court.

Waskita Karya SVP Corporate Secretary Ermy Puspa Yunita said the withdrawal occurred on the agenda of the third trial.

"The applicant immediately made a written application for the withdrawal of the case before the trial," he said in a release today, Friday, April 7.

According to Ermy, In fact, the agenda for the third trial is the respondent's answer and proof of the parties. In the trial, the PKPU applicant submitted to withdraw the application verbally, after which the panel asked to make it written in front of the trial.

Then at this third trial, the panel of judges determined the revocation of the PKPU application and dropped it from the case register.

"Currently, the company is implementing an equal treatment for all debt holders, both working credit holders and bonds, and is currently restructuring as stated in the Master Restructuring Agreement (MRA)," he said.

Ermy explained, this is one of the strategies to conduct a comprehensive review of the implementation of the MRA in order to optimize the ongoing financial restructuring program.

"The company is committed to strengthening the implementation of corporate governance in good faith to comply and follow all legal processes, as well as prioritizing prudent, transparent, and careful implementation of risk management," he stressed.

For information, PT Bukaka Teknis Utama requested the Suspension of Debt Payment Obligations (PKPU) with case number PKPU No. 93/Pdt.Sus-PKPU/2023/PN.Niaga.Jkt.Pst between PT Bukaka Teknik Utama against Terdjud PT Waskita Karya (Persero) Tbk at the Commercial Court at the Central Jakarta District Court.

The PKPU application is related to the request for payment of debt worth Rp32.52 billion from PT Bukaka Teknik Utama Tbk as the PKPU Petitioner.