On July 8th, 2010, PT. Bank CIMB Niaga, Tbk filed a Lawsuit against PT, Gunung Bintan Abadi through The Registrar of Tanjung Pinang District Court as in Case Num. 25/Pdt.G/2010/PN.TPI. furthermore, Tanjung Pjnang District Court on January 4th, 2011 gave their Judgment wich stated to grant The Lawsuit by The Plaintiff partly. On March 7th, 2011, PT. Gunung Bintan Abadi filed an appeal through The Registrar of Tanjung Pinang District Court, in appeal process, pekanbaru High Court has given Thir Judgment of Case Num. 46/PDT/2011/PBR dated on June 8th, 2011 which stated to correct The Judgment of Tanjung Pinang District Court Num. 25/Pdt.G/2010/PN.TPI dated on January 4th, 2011 which has been appealed, only related to the payment of immaterial loss, and so The Judgment completely state as follow: In Exception : -Decline the exception by The Defendant for whole part; In Subject Matters: – Grant The lawsuit by Plaintiff for some part; – State that The Agreement on Sale and Purchase Currency; – State that The Defendant is Default due not perform the Sale and Purchase Currency transaction; – Punish The Defendant to pay the material and immaterial loss in amount of IDR. 13,994,408,000.-; – State that sequestration such as 2 deposit account of The Defendant in amount of USD 40.000 and USD 300.000 and 3 land including the building thereon at Merdeka Street No. 3 Kijang Kota, Kabupaten Bintan, Riau. Furthermore, on August 10th, 2011, PT. Gunung Bintan Abadi filed a cassation and therefore on May 15th, 2012 The Supreme Court Republic of Indonesia gave The Judgment Num. 3162 K/Pdt/2011 in which stated to decline The Submission for Cassation by PT. Gunung Bintan Abadi. In Review process, PT. Bank CIMB Niaga, Tbk was represented by Novian & Partners has submitted the Contra Memory of Review and The Supreme Court Republic of Indonesia on January 20th , 2014 has given the Judgment of Case Num. 479 PK/PDT/2013 in which stated to decline The Application of Review by PT. Gunung Bintan Abadi.
