JAKARTA – SC Lowy Primary Investment Ltd, Hong Kong, files a lawsuit requesting a Suspension of Debt Payment Obligation (lit. Penundaan Kewajiban Pembayaran Utang/PKPU) status against PT Sidomulto Selaras Tbk (SDMU) in the Commercial Court in the Central Jakarta District Court.
Quoting the district court website today (25/8), the request of PKPU status could be seen registered on August 10, 2022, under case No.203/Pdt.Sus-PKPU/2022/PN Niaga Jkt.Pst. This lawsuit was filed by SC Lowy Primary Investment through its attorney, Dion Anugrah Ramadhan, SH.
The petition asks the court to attach a Temporary PKPU status on SDMU for the next 45 days, assign a curator in this PKPU process, and hold a PKPU court no later than 45 days after the legal decision was finalised by the assembly of the court.
In the Financial Statement of Q1 2022, SC Lowy Primary Investment was said to have received an assignment of proceeds of the entire long-term debts worth USD 10.86 million from PT Bank Permata Tbk (BNLI).
This assignment of proceeds agreement was based on the agreement act signed on May 30, 2018, promising a tenor until May 31, 2022, and an interest rate of 0.20% per year. (LK/ZH)