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Bank Maybank Sues Bankruptcy Pan Brothers to Court

TEMPO.CO, Jakarta – PT Pan Brothers Tbk. again received a lawsuit from PT Bank Maybank Indonesia Tbk. Bank Maybank this time filed a bankruptcy petition against the textile issuer codenamed PBRX.

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Dalam keterbukaan informasi Pan Brothers yang disampaikan ke Bursa Efek Indonesia per Kamis, 5 Agustus 2021, disampaikan bahwa sudah ada pemberitahuan dari Pengadilan Niaga Jakarta Pusat bahwa Bank Maybank telah mengajukan permohonan pailit terhadap perseroan.

Proses kepailitan diatur oleh Undang-Undang No. 37 Tahun 2004 tentang Kepailitan dan Penundaan Kewajiban Pembayaran Utang atau UU Kepailitan Indonesia.

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Menanggapi hal tersebut, Pan Brothers ingin meyakinkan semua pihak bahwa perseroan akan melakukan segala daya untuk menantang dan menyelesaikan Permohonan Kepailitan ini untuk membela hak-hak semua pemangku kepentingan kami.

“Including most of our creditors who have supported us throughout the restructuring process,” Pan Brothers management wrote, Thursday, August 5, 2021.

Currently, Pan Brothers . operations still running despite being challenged by the extended cash conversion cycle across the industry due to the Covid-19 pandemic and a significant reduction in trade lines.

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