Unraveling Bankruptcy: A Detailed Analysis of the PT Pazia Retailindo Case

Abstract

Decision Number 44/Pdt.Sus-Pailit/2020/PN Niaga Jkt.Pst. discusses the bankruptcy process of PT Pazia Retailindo, initiated by two petitioners, PT Dana Kaya and Ambar Bawono. This study aims to identify the legal relationships among the parties involved and analyze the evidence submitted to support the bankruptcy petition. The method used is normative legal writing, focusing on the provisions of Law Number 37 of 2004 concerning Bankruptcy and Suspension of Debt Payment Obligations. The analysis shows that all requirements for the bankruptcy petition have been met, including the existence of more than one creditor, debts that have fallen due, and facts that can be proven simply. The judge decided to grant the bankruptcy petition, appointing a curator to manage the debtor's assets, and emphasized the importance of simple evidence in the bankruptcy legal process. This decision underscores the protection of creditor rights and fairness in the management of bankruptcy assets, reflecting the implications of the debtor's failure to fulfill its obligations.