Renvoi Procedure Examination Procedure
Renvoi Procedure is a dispute settlement institution between Creditors, Debtors, and Curators regarding the amount and / or rating of the claim that cannot be resolved by the Supervisory Judge and proposed for the settlement to the Panel of Judges based on the Article 127 Bankruptcy and Suspension of Obligation for Payment of Debts Law (“UU KPKPU”). Only a denial to a claim submitted at a Meeting of Verification Receivables can be submitted to the Renvoi Procedure process, except for the objection referred to as Article 133 Bankruptcy Law. In the process of examining the application of the Renvoi Procedure, the Parties must be represented by an Advocate (Article 127 paragraph (2) Bankruptcy and Suspension of Obligation for Payment of Debts Law).
Cases in the Renvoi Procedure are summarily examined and the Judge shall decide the objection through the Renvoi Procedure at the Commercial Court within seven days from the first day the Renvoi Procedure hearing is carried out. In this case, the judge shall make a trial schedule for seven working days so that the objection in the case examined through the Renvoi Procedure at the Commercial Court can be decided. After the decision of the Renvoi Procedure is legally binding, the Supervisory Judge shall hold a follow-up Verification of Receivable Meeting.
Suria Nataadmadja & Associates Law Firm
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