Waskita Karya Escapes Bankruptcy: Court Rejects Suspension of Debt Payment Request

JAKARTA, KOMPAS.com – PT Waskita Karya (Persero) escaped bankruptcy. The Central Jakarta District Court has officially rejected the request for Suspension of Obligations for Debt Payment (PKPU) from one of the obligor’s corporate bondholders.

Regarding this decision, the Special Staff of the Minister of BUMN, Arya Sinulingga, stated that this was in line with expectations. Because according to him, Waskita Karya has sufficient assets to overcome its financial problems.

“Indeed, it has been estimated that way. The clairvoyant’s assets are actually enough to handle everything. So if it’s for bankruptcy, then no,” he said when met at the Ministry of BUMN, Jakarta, Friday (25/8/2023).

Also read: Recurring Phenomenon, Waskita Again Delays Debt Payments

He said, Waskita Karya would face every PKPU application that came, even if in the future the company was again asked for PKPU. Currently, Waskita Karya is also restructuring its debts.

“(If there is another PKPU) just deal with it. This means that this is all in the process of negotiating with all debtors,” said Arya.

Also read: Waskita Will Become a Subsidiary of Hutama Karya, IDX Waits for Explanation

Previously, PT Waskita Karya (Persero) was requested for PKPU by Donny Hartarto Lasmana, through his attorney Agusto Naur to the Commercial Court at the Central Jakarta District Court. Waskita is said to have a debt of Rp. 5 billion to Donny as a bondholder.

The PKPU application was filed on June 26, 2023 with case number 185/Pdt.Sus-PKPU/2023/PN Niaga Jkt.Pst. The trial process took place several times until finally the PKPU application was rejected at the decision hearing on 24 August 2023.

Also read: SOE Deputy Minister Says Waskita Will Become Hutama Karya’s Subsidiary in 2024

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2023-08-25 14:02:00
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