There is a legal relationship between PT. Bank CIMB Niaga Tbk. and PT. Tritone One Indonesia, related to PT. Bank CIMB Niaga Tbk position as Transfering Bank in international commercial transaction between PT. Tritone One Indonesia together with TAS FASHION WEAR Ltd – Bangladesh (Seller / exporter) using Transferable Letter of Credit (L/C) facility as payment mechanisme. PT. Bank CIMB Niaga Tbk, represented by Novian & Partners has submitted Lawsuit against PT. Tritone One Indonesia and Mr. Ritjat T. Wangsadinata through Tangerang District Court, and according to Verdict of Tangerang District Court No. 136/Pdt.G/2008/PN.TNG., such lawsuit has been granted. Towards Verdict No. 136/Pdt.G/2008/PN.TNG dated on February 13, 2009, PT. Tritone One Indonesia has proposed for Appeal process through Tangerang District Court, dated on August 6, 2009 and on September 11, 2009, The Counsel of Judges of Banten High Court has given decision in Verdict No. 63/PDT/2009/PT.BTN, which contain affirmation for Verdict of Tangerang District Court No. 136/Pdt.G/2008/PN.TNG.
