State-Owned Company Faces PKPU Lawsuit, BUMN Staff: If We Can't Disband

Special Staff to the Minister of SOEs, Arya Sinulingga. (Photo: Maria Trisnawati/VOI).

JAKARTA - Special Staff to the Minister of State-Owned Enterprises (BUMN) Arya Sinulingga opened his voice regarding a number of state-owned companies being sued regarding the Postponement of Debt Payment Obligations (PKPU).

According to Arya, BUMN handed over all ongoing processes to BUMN and its subsidiaries who were involved.

"We'll just hand it over to them. It's a process. We know which ones are still able, which ones are not. If we can't break up," said Arya, who was met at the Ministry of SOEs Building, Wednesday, March 15.

Meanwhile, for companies that are still able to carry out their obligations, Arya said that they may also need concessions from the payment side.

He gave an example, PT Waskita Karya, which has assets exceeding the amount of debt.

"If you are still able to be like Waskita, for example, Waskita's assets are bigger than her debt. So you don't have to worry about it, it's just a matter of time," concluded Arya. PT Waskita Karya (Persero) Tbk was sued for a request for Postponement of Debt Payment Obligations (PKPU). The lawsuit is related to a request for debt repayment of Rp. 2.93 billion from PT Megah Bangun Baja Semesta.

Quoted from the information disclosure of the Indonesia Stock Exchange (IDX), the company has received a letter from the Central Jakarta District Court Class 1A Special Number: W10.U1.1067.HT.03.II.2023.MH regarding the Call of the Session Addressing him In Case Number: 38/Pdt.Sus/PKPU/2023/PN.Niaga.Jkt.Pst which will be held on February 21, 2023.

Apart from Waskita Karya, PT Amarta Karya (Persero) also stumbled upon PKPU problems from 6 companies, namely PT Dhia Adika Utama, CV Dhia Adika Utama, PT Wana Dirga Nusantara, PT Restu Anak Jaya Abadi Beton Indonesia, PT Artha Raksa Baya, and CV Barokah Abadi. Most recently, PT Garuda Miantenance Facility Aero Asia Tbk (GMFI) also faced a lawsuit from PT Tigo Agra Gemilang.