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Court: Telkomsel is Bankrupt

9:35:26 | 15 Sep 2012
Court: Telkomsel is Bankrupt
Telkomsel (dok.web)
Angkasa Pura 2
Jakarta (indotelko) – Telkomsel was lost in the bankruptcy lawsuit filed by their partner, PT Prima Jaya Informatika.

As a result, the subsidiary of PT Telekomunikasi Indonesia Tbk (Telkom) is on under supervision of bankruptcy judges and curators. Telkomsel assets can be seized to pay all their debt.

“That is the decision. So, all creditors will be paid. Curator will assess the amount of Telkomsel’s assets,” lawyer of PT Prima Jaya Informatika, Kanta Cahya said.

He said, panel judges led by Agus Iskandar decided the lawsuit has fulfilled elements at paragraph 2 subsection 2 of Bankruptcy Law. A company will be declared bankrupt if they have overdue receivables with two different companies or more.

“The reason behind this decision is because they have overdue receivables, not just with our company but also with another company which is PT Extend Media Indonesia. Luckily, court verdict will help us to push Telkomsel to do payment,” he said.

According Kanta, bankruptcy process will keep continue even Telkomsel submit counter lawsuit. “Curators will start to take over, supervised by supervisory judge. Court has been appointed the judge and the curator today,” Kanta explained.

Actually, Kanta said, since the beginning PT Prima Jaya Informatika was very open to every negotiation if there is any. “Unfortunately, Telkomsel seems not attempted to pay their Rp5.3 million debt. Finally Commerce Court verdict is tapped after 60 days of waiting,” he said.

The dispute between Telkomsel and PT Prima Jaya Informatika started since Telkomsel stopped supplying Kartu Prima prepaid SIM card since June 2012.

PT Prima Jaya Informatika as a partner filed Telkomsel bankruptcy lawsuit to the court because Telkomsel have overdue receivables for providing Kartu Prima.

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Agreement PT Prima Jaya Informatika with Telkomsel signed at July 2011 in order to distribute Kartu Prima. Kartu prima was new SIM Card from Telkomsel with a design image of national athletes. Their agreement supposed to be applies for two years.

Written in the agreement, Telkomsel appointed PT Prima Jaya as a distributor of phone credit voucher and Kartu Prima prepaid SIM Card. Telkomsel have obligation to provide phone credit voucher with sport theme design at least 120 million units. Not only that, Telkomsel also required to provide prepaid SIM card in a sport theme design as much as 10 million unit per year to be sold by PT Prima.

Unfortunately, since last June, the agreement was terminated unilaterally by Telkomsel without any notification and before it ended. (ss)

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