Sued By PKPU By Maybank Indonesia, Pan Brothers Focuses On Restructuring To Avoid Bankruptcy

Pan Brothers Factory. (Photo: Doc. Antara)

JAKARTA - PT Pan Brothers Tbk (PBRX) stated that it is still focused on completing the restructuring, after the textile company was sued in the case of delaying debt payment obligations (PKPU) by PT Maybank Indonesia Tbk.

"The company continues to involve Maybank Indonesia in every communication built with syndicated and bilateral lenders in relation to the restructuring scheme," said Pan Brothers Director Fitri Ratnasari Hartono in an information disclosure on the Indonesia Stock Exchange (IDX) website, quoted Tuesday, October 5 .

Fitri said that currently there has been no decision regarding the bankruptcy petition from Maybank Indonesia. He also did not know for sure when the final decision was estimated from the Central Jakarta District Court.

However, Fitri said, his party ensures that they will always be present to fulfill summons at every scheduled session and run according to the agenda determined by the Central Jakarta District Court.

"Since Maybank filed for bankruptcy on August 2, 2021, the company has attended several hearings held at the commercial court at the Central Jakarta District Court," he said.

Then at the trial on September 9, 2021, with the agenda of submitting evidence of another creditor from Maybank, Maybank requested a postponement to the panel of judges because it has not been able to submit or present evidence of other creditors.

- https://voi.id/economy/49499/buruh-pan-brothers-demo-bakar-ban-buntut-thr-dicicil-wadirut-anne-patricia-ada-hal-hal-yang-belum-they-pahami

- https://voi.id/economy/62144/industri-tekstil-sritex-pan-brothers-dkk-mulai-pulih-association-2-juta-karyawan-kena-phk-di-awal-covid-19-tapi -60-percent-already-summoned-again

- https://voi.id/ekonomi/49518/didemo-buruh-karena-thr-dicicil-pan-brothers-raup-pendapatan-rp7-81-triliun-per-kuartal-iii-2020

[/see_also

Then at the September 23 trial, Maybank stated to the panel of judges that it would not present other creditors. The last session attended by PBRX was on Thursday 30 September with the agenda of submitting written evidence from the company.

"We have submitted all written evidence without any pending evidence or notes from the panel of judges. Broadly speaking, the written evidence we submitted is the same evidence as the previous PKPU case," Fitri said.

The Company also submitted evidence of Maybank's PKPU application to prove the similarity of the dispute between this bankruptcy case and the previous PKPU case. The next session will be held on Thursday, October 14, 2021 with the agenda for submitting conclusions by the parties.