SUSPENSION OF DEBT PAYMENT SUBMISSION by PT. BANK PERMATA, TBK AGAINST PT. TOTAL MAKMUR ARTO

There has been legal relationship between petitioner/PT. Bank Permata, Tbk dengan respondent/ PT. Total Makmur Arto related to some credit facilities. On April 25th 2011 PT. Bank Permata, Tbk through Novian & partners as the attorney at law has filed a Suspension of Payment Submission against PT. Total Makmur Arto through The Commercial Court at Central Jakarta District Court as case registered in register no. 18/PKPU/2011/PN.Niaga.Jkt.Pst. On Juni 8th, 2011 the Councel of Judges of commercial Court at Central Jakarta District Court has given the Verdict, in which stated to In Subject Matters: 1. Granting the temporary Suspension of Payment Submission by petitioner within 45 (fourty five) days from the date the temporary suspension of payment was declared 2. Pointing Bayu Isdyatmoko, SH.,commercial judge at Central Jakarta District Court as the Supervising Judge; 3. Appointing Sdr. Junaidi, SH., LLM dan Sdri. Titik Kiranawati Soebagyo,SH., as administrator team; 4. Determining The hearing will be held on Thursday Juli 21th, 2011 at Commercial Court at Central Jakarta District Court 5. Instructing the administrator to summon petitioner, creditors, and respondent by registered mail to appear in a hearing. 6. Determining administrator fee and service fee for The administrator will be determined later after Suspension of Payment Submission end. 7. Suspending fees of this Suspension of Payment Submission until The Suspension of Payment Submission was declared completed.