JAKARTA (Yosefardi) – PT Bakrie Construction bring another construction company PT Punj Llyod Indonesia to bankruptcy proceeding. The bankruptcy suit is related to the subcontract agreement between the companies.
Aprias Munik, Corporate Legal of the Bakrie Construction, revealed that the lawsuit was based on the US$800,000 debt sourced from platform construction work of PT Pertamina Hulu Energi Offshore North West Java. The contract worth US$4.4 million was signed on July 6, 2011.
Aprias explained that the bankruptcy respondent has for several times tried to postpone the payment process with various reasons. The corporate legal claimed that to “teach a lesson” to the foreign company of Indonesian legal system. “There are other companies that also received similar treatment from them (Punj Lloyd), “said Aprias.
In the bankruptcy petition, Bakrie Construction also listed PT Dwiguna Jaya Sentosa as another creditor. Punj Lylod reportedly has Rp 447.7 million debt to Dwiguna Jaya. (indrab@yosefardi.biz)