Execution towards Final and Binding Court Decision

Related to lawsuit which was submitted by PT.Bank Permata, Tbk., through Novian & Partners as the Plaintiff against INKUD/Induk Koperasi Unit Desa as the Defendant of Case No. 445/Pdt.G/2003/PN.Jkt.Pst at District Court of Central Jakarta. On February 7, 2005 DKI Jakarta High Court through Decision No. 525/PDT/2004/PT.DKI had given a decision which contains the following matters: 1. To punish INKUD to pay its entire obligations to PT. Bank Permata, Tbk. per-date August 31, 2003 amounting to Rp. 35.140.163.933,- (thirty-five billion one hundred forty million one hundred and sixty-three thousand nine hundred and thirty-three Rupiah) 2. To state execution towards land and building owned by INKUD which known as Graha INKUD located at Jl. Warung Buncit Raya No. 18-20 South Jakarta, valid and valuable. And Supreme Court of Republic of Indonesia on January 22, 2008 had decided Case No. 131 K/Pdt/2006 which contains matters to reject cassation application as submitted by INKUID. Novian & Partners as legal counsel of PT. Bank Permata, Tbk had submitted decision execution application to Chief of District Court of Central Jakarta, and it had been issued Stipulation No. 02/2009.EKx dated February 11, 2009 to summon INKUD to appear before Chief of District Court of Central Jakarta in order to be given an admonition therefore INKUD would like to conduct its obligation voluntarily upon Decision of District Court of Central Jakarta dated January 30, 2004 No. 445/Pdt.G/2003/PN.Jkt.Pst in reference with Decision of High Court of DKI Jakarta dated February 7, 2005 No. 525/PDT/2004/PT.DKI in reference with Decision of Supreme Court of Republic of Indonesia dated January 22, 2008 No. 131 K/Pdt/2006. Due to there was no voluntarily execution on the decisions, then there will be applications in frame to conduct the execution process towards the decision which has been final and binding next.