Dayaindo, SUEK mediation process extended
Wednesday, September 12 2012 - 02:54 AM WIB
The Central Jakarta District court has extended mediation process between Switzerland-based SUEK AG against Indonesia-listed coal mining company PT Dayaindo Resources International Tbk for another 40 days over legal dispute on coal and sales transaction.
Dayaindo laywer Liston Sitorus as quoted by Kontan said that the extension of mediation process was in line with Supreme Court regulation.
SUEK has filed for bankruptcy lawsuit against Dayaindo for alleged breach of coal sales and purchase agreement made in 2009.
The Central Jakarta court however turned down the bankruptcy petition filed by SUEK on September 3.(*)