Whereas, there has been legal relationship between PT. Astra Sedaya Finance with Akhmad Noordin and Abdul Muis, related to financing facility to purchase 2 (two) units of Mitsubishi Dump Truck as mentioned in Financing Agreement with Fiduciary Bond. Without any consent from PT. Astra sedaya Finance, both units of the vehicle has been diverted to PT. Genta Nusantara as mentioned in Deed of Sale and Purchase Agreement No. 53 dated July 18, 1996, prepared by Oerip Mochlasin Soemarto, SH, a Notary in Banjarmasin. On April 7, 2005, PT. Astra Sedaya Finance through Novian & Partners filed lawsuit based on Tort, through Banjarmasin District Court as registered in Case No. 19/Pdt.G/2005/PN.Bjm. Furthermore, Banjarmasin District Court has given the verdict which stated to grant the Plaintiffs lawsuit partially. PT. Genta Nusantara has filed an Appeal against such Verdict No. 19/Pdt.G/2005/PN.Bjm., dated May 10, 2007, through the Registry of Banjarmasin District Court, dated on May 23, 2007. On August 26, 2008, The Counsel of Judges in Banjarmasin High Court gave the Verdict on Case No. 08/PDT/2008/PT.Bjm, in which stated to Revise the Verdict of Banjarmasin District Court No. 19/Pdt.G/2005/PN.Bjm related to format of such Verdict, amount of fines or compensation which shall be fully borne to the Appellant, originally Defendant. Whereas, towards the Verdict of Banjarmasin High Court No.08/PDT/2008/PT.Bjm. dated on August 26, 2008, the Defendant I/the Appellant/PT. Genta Nusantara has filed Submission for Cassation through The Supreme Court RI on November 20, 2008. On October 26, 2010, The Supreme Court gave the Verdict on Case No. 1220 K/PDT/2009, which stated to decline the Submission for Cassation from PT. Genta Nusantara.
