JAKARTA (Yosfeardi) – Cable producer PT Tranka Kabel is facing a serious debt trouble in its Postponement of Debt Settlement Obligation (PKPU). Based on the claim verification, the company has Rp1.4 trillion debt to 45 creditors.
Ivan Garda, the PKPU administrator, revealed that most of the Rp1.4 trillion debt is claimed by banks. Ivan also said the company might face another big claims from creditors as some yet to submit the complete document for the claim.
Tranka claimed it got new investor while creditors are seeking for commitment of debt settlement with the investor.
Previously the Central Jakarta Commercial Court granted PT Tranka Kabel’s PKPU voluntary petition. With the granting of the PKPU petition, Tranka Kabel has successfully avoided bankruptcy suit. The PKPU petition was Tranka Kabel’s rebuttal of bankruptcy suit filed by CV Setia Mandiri and CV Barlian Jaya Utama.
Earlier on October 1st, one of the Tranka’s director Umar Zen was sentenced for 15 years related in the cassation process.
The Supreme Court also affirmed Umar’s Rp62.5 billion obligation could be replaced with three years of additional jail time. Umar was previously declared guilty on the investment fraud in PT Asuransi Kredit Indonesia (Askrindo). (indrab@yosefardi.biz)