There has been a legal relationship between PT. Bank Agris (Contesting Party/Participant of Syndicated Creditors) with PT. Geria Wijaya Prestige (Contested Party/Debtor), in which the Debtor had received loan facility from the Creditors or Participants of the Syndicated. The Debtor could not be able to return the loan facility which had been received, in accordance with amount and repayment period as agreed on the loan agreement, therefore Facility Agent had filed mortgage execution proposal through District Court of Denpasar as case register No. 14/Pdt/HT/1998/PN.Dps dated Nopember 26, 1997. Towards the mortgage execution proposal, PT. Geria Wijaya Prestige filed an objection lawsuit as case register at District Court of Denpasar No. 14/Pdt/HT/1998/PN.Dps., and the case had been examined by High Court of Denpasar as case register No. 880/PDT/1999/PT.DKI and Supreme Court of Republic of Indonesia No. 3140 K/Pdt/2001. Related to the performance of Decision of Supreme Court of Republic of Indonesia No. 3140 K/Pdt/2001, PT. Bank Agris through Novian & Partners had file an objection lawsuit through District Court of Central Jakarta as Case Register No. 122/Pdt.G/2010/PN.Jkt.Pst. Several legal reasons which used as bases in filing objection lawsuit among others are: due to Decision / Stipulation in the related case was not certain related to amount of obligation that has to be paid and parties which have to responsible for any occurring losses.
