SSA Advocates Represents PT Aspalindo Sejahtera Mandiri

Suhardi Somomoeljono & Associates represents PT Aspalindo Sejahtera Mandiri to submit reconsideration procedures of its bankruptcy decision from Makassar Commercial Court. The bankruptcy petition is worth Rp200.000.000.000,-  (two hundred billion Rupiah). The bankruptcy decision performed by Makassar Commercial Court for PT Aspalindo Sejahtera Mandiri contained legal-defects under Law No.37 of 2004 on Bankruptcy and Suspension of Debt Payment Obligation.

Aside from mentioned issues above, the assets of PT Aspalindo Sejahtera Mandiri also being an object of dispute in Makassar District Court. In connection with that, based on Government Regulation No. 45 of 1997 on Land Registration stipulates that the head of land office shall refuse the registration of land transaction if the registration object (company’s assets) is still being a dispute object in court. Based on that, even the company’s assets sold by the auction mechanism, the registration of land cannot be performed.