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"Skripsi ini membahas mengenai penolakan pengesahan atau homologasi rencana perdamaian dalam perkara Penundaan Kewajiban Pembayaran Utang (PKPU) yang dialami oleh PT Korea World Center Indonesia (PT KWCI) yang berakhir pada kepailitan. Penulis melakukan tinjauan hukum mengenai isu tersebut mulai dari segi utang yang dimiliki Debitur sebagai syarat mengajukan permohonan PKPU ke Pengadilan Niaga hingga segi imbalan jasa Pengurus yang tidak dibayarkan atau tidak dijamin pembayarannya yang menyebabkan Debitur jatuh pailit. Tujuan dari penelitian ini adalah untuk mengetahui penerapan dari pengertian utang menurut Undang-Undang No. 37 Tahun 2004 sebagai syarat permohonan PKPU dan mengetahui apakah Bilyet Giro dapat dianggap sebagai alat pembayaran maupun jaminan pembayaran bagi imbalan jasa Pengurus dalam perkara PKPU. Metode penelitian yang akan digunakan dalam penelitian ini merupakan metode penelitian yang bersifat kualitatif, yaitu penelitian yang menghasilkan data yang bersifat deskriptif analitis. Penelitian ini termasuk ke dalam penelitian hukum normatif, di mana Penulis menggunakan sumber dari bahan hukum primer, sekunder, dan tersier. Dari penelitian ini diketahui bahwa Undang-Undang No. 37 Tahun 2004 tentang Kepailitan dan Penundaan Kewajiban Pembayaran Utang (UUK-PKPU) mendefinisikan utang secara luas, sehingga ganti kerugian materil atas putusan Perbuatan Melawan Hukum (PMH) yang telah berkekuatan hukum tetap (in kracht) dapat dikatakan sebagai utang sebagai syarat permohonan PKPU. Selain itu, diketahui pula bahwa Bilyet Giro dapat dianggap sebagai alat pembayaran maupun jaminan pembayaran bagi imbalan jasa Pengurus dalam perkara PKPU apabila penerbitan, pengunjukan, dan pemrosesannya sesuai dengan peraturan perundang-undangan yang berlaku.

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This thesis discusses the rejection of the ratification or homologation of the composition plan in the case of Suspension of Debt Payment Obligations Process (PKPU) experienced by PT Korea World Center Indonesia (PT KWCI) which ended in bankruptcy. The author conducts a legal review of this issue, starting from the aspect of debt owned by the Debtor as a condition for submitting a PKPU application to the Commercial Court to the aspect of Management fees that are not paid or the payment is not guaranteed which causes the Debtor to go bankrupt. The purpose of this study is to determine the application of the definition of debt according to Law No. 37 of 2004 as a requirement for PKPU application and to find out whether the Bilyet Giro can be considered as a means of payment or as a guarantee of payment for the Management's services in a PKPU case. The research method used in this research is a qualitative research method, namely research that produces data that is descriptive and analytical. This research is included in normative legal research, where the author uses sources from primary, secondary, and tertiary legal materials. From this research it is known that Law No. 37 of 2004 concerning Bankruptcy and Suspension of Debt Payment Obligations Process (UUK-PKPU) broadly defines debt, so that material compensation for the decision on Unlawful Acts (PMH) which has permanent legal force (in kracht) can be said to be debt as a requirement for PKPU application. In addition, it is also known that Bilyet Giro can be considered as a means of payment as well as a guarantee of payment for Management's compensation in a PKPU case if the issuance, appointment and processing are in accordance with the prevailing laws and regulations."

"Seiring berkembangnya teknologi dan informasi telah terjadi berbagai perubahan yang memengaruhi sistem hukum yang berlaku di Indonesia, salah satunya adalah alat bukti elektronik Informasi Debitur Sistem Layanan Informasi Keuangan yang digunakan dalam perkara Penundaan Kewajiban Pembayaran Utang. Penelitian ini bertujuan untuk mengetahui kekuatan pembuktian Informasi Debitur Sistem Layanan Informasi Keuangan pada perkara Penundaan Kewajiban Pembayaran Utang setelah adanya Peraturan Otoritas Jasa Keuangan Nomor 18/POJK.03/2017 (POJK 2017) dan perbandingan kekuatan pembuktian Informasi Debitur Sistem Layanan Informasi Keuangan sebelum dan setelah berlakunya Surat Keputusan Ketua Mahkamah Agung Nomor 109/KMA/SK/IV/2020 pada perkara Penundaan Kewajiban Pembayaran Utang. Penelitian ini menggunakan metode yuridis normatif yang dilakukan secara deskriptif menggunakan data sekunder. Data sekunder yang digunakan mencakup bahan hukum primer, bahan hukum sekunder, dan tersier. Data sekunder tersebut diperoleh dari studi kepustakaan atau studi dokumen. Untuk melengkapi data tersebut dilakukan wawancara dengan narasumber. Hasil penelitian ini menemukan bahwa kekuatan pembuktian Informasi Debitur Sistem Layanan Informasi Keuangan adalah bebas yaitu hakim tidak terikat dengan alat bukti tersebut dan penilaian alat bukti tersebut diserahkan sepenuhnya kepada hakim untuk menemukan kebenaran formil. Setelah berlakunya Surat Keputusan Ketua Mahkamah Agung Nomor 109/KMA/SK/IV/2020, alat bukti Informasi Debitur Sistem Layanan Informasi Keuangan harus didukung bukti lain yang menunjukkan adanya utang yang tercantum dalam Informasi Debitur Sistem Layanan Informasi Keuangan. Saran dari penelitian ini adalah Otoritas Jasa Keuangan harus lebih cermat dan selalu melakukan pemutakhiran data Informasi Debitur Sistem Layanan Informasi Keuangan secara berkala.

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Along with the development of technology and information, there have been various changes that affect the legal system in Indonesia, one of which is electronic evidence of the Debtor Information of the Financial Information Service System used in the Debt Payment Obligation Delay case. This study aims to determine the evidentiary power of the Financial Information Service System Debtor Information in the Debt Payment Obligation Delay case after the Financial Services Authority Regulation Number 18/POJK.03/2017 and the comparison of the evidentiary power of the Debtor Information of the Financial Information Service System before and after the enactment of the Decree of the Chief Justice of the Supreme Court Number 109/KMA/SK/IV/2020 in the Debt Payment Obligation Delay case. This research uses a normative juridical method that is carried out descriptively using secondary data. Secondary data used includes primary legal materials, secondary legal materials, and tertiary. The secondary data is obtained from literature studying or document studying. Interviews with sources were conducted to complete the data. The results of this study found that the evidentiary value of the Financial Information Service System Debtor Information is free. The judge is not bound by the evidence. Then, the assessment of the evidence is left entirely to the judge to find the formal truth. After the enactment of the Decree of the Chief Justice of the Supreme Court Number 109/KMA/SK/IV/2020, evidence of the Debtor Information of the Financial Information Service System must be supported by other evidence that shows the existence of debts listed in the Financial Information Service System the Debtor Information. The suggestion from this study is that the Financial Services Authority must be more careful and always update the Debtor Information of the Financial Information Service System data regularly."

"Tesis ini membahas tentang kepastian hukum atas pelaksanaan Debt to Equity Swap terhadap obligasi yang dikonversi menjadi saham dalam rangka penundaan kewajiban pembayaran utang. Berdasarkan Undang-Undang Pasar Modal, obligasi sebagai surat berharga yakni efek atau merupakan bentuk surat bukti utang emiten kepada kreditor pemegang obligasi yang memiliki jangka waktu jatuh tempo pembayaran yang telah ditentukan. Dalam jangka waktunya, dapat dimungkinkan terjadinya keadaan dimana Emiten tidak mampu atau gagal bayar atas utang lain yang dimiliki. Untuk itu, pengajuan perdamaian penundaan kewajiban pembayaran utang menjadi salah satu upaya yang dapat dilakukan guna penataan utang-utang emiten tersebut. Salah satu metode dalam rangka perdamaian di penundaan kewajiban pembayaran utang atas Obligasi yang dimiliki oleh Emiten atau Debitor yaitu Debt to Equity Swap. Dalam tesis ini, dibahas mengenai tata cara pelaksanaan Debt to Equity Swap terhadap Obligasi non-convertible dalam rangka penundaan kewajiban pembayaran utang dan mengenai keberlangsungan waliamanat serta berakhirnya peran sebagai wakil dari kreditor pemegang obligasi dalam menjalankan segala tugas, wewenang serta fungsi berdasarkan perjanjian perwaliamanatan. Metode penelitian yang digunakan adalah yuridis-normatif, dengan sifat penelitian deskriptif-analitis serta dianalisa dengan menggunakan metode kualitatif. Berdasarkan hasil penelitian diperoleh bahwa tidak terdapatnya upaya yang diwajibkan pada pelaksanaan Debt to Equity Swap terhadap Obligasi non-convertible dalam rangka penundaan kewajiban pembayaran utang, melainkan dapat dilakukan melalui upaya yaitu mempercepat jangka waktu Obligasi, serta dalam rangka ini pula keberlangsungan peran waliamanat masih terus berjalan.

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This thesis discusses regarding the legal certainty on the implementation of Debt to Equity Swap on bonds conversion into shares in the event of Suspension of Debt Payment Obligation. Based on Indonesian Capital Market Law, bonds are commercial paper or are forms of proof of issuer's debt to bondholders as creditors who have a predetermined term of payment. Within such period of time of bonds, it is possible for a situation which will be occurred where the Issuer is unable or default on other debts held. For this reason, the reconciliation petitionof the Suspension of Debt Payment Obligation is one of the efforts that can be made to restructure the issuer's debts. One method in the form of restructuring debton the Suspension of Debt Payment Obligation on bonds held by issuers or debtors, namely Debt to Equity Swap. This thesis will be focused on the implementation of Debt to Equity Swap on non-convertible bonds in order to Suspension of Debt Payment Obligation and regarding the continuity of the Trustee and the end of the role as representative of the bond holders as creditors in carrying out all duties, authorities and functions based on the trustee agreement. The form of this research is juridical-normative, with the nature of descriptive-analytical research and analyzed using qualitative methods. On the basis of the conditions described, there is no compulsory effort in the implementation of Debt to Equity Swap against non-convertible bonds in the event of Suspension of Debt Payment Obligation, but can be done by accelerating the term of the Bonds, as well as the Trustee role still be continued."

"Tesis ini membahas mengenai perlindungan terhadap pembayaran upah buruh dan pemenuhan hak-hak buruh yang timbul akibat PHK pada perusahaan yang dinyatakan pailit berdasarkan undang-undang kepailitan dan ketenagakerjaan, dengan studi kasus kepailitan PT Fit U Garment Industry. Penelitian ini menguraikan mengenai buruh sebagai salah satu kreditor dari debitor pailit yang harus bersanding dengan kreditor-kreditor lainnya dalam mendapatkan pembayaran upah buruh dan hak-hak buruh lainnya dari harta pailit. Penelitian ini bertujuan untuk menjawab permasalahan sebagai berikut; pertama, Bagaimana kedudukan tagihan upah buruh dan hak-hak buruh lainnya dalam urutan prioritas pembayaran utang. Kedua, Bagaimana upaya yang dapat dilakukan oleh buruh terhadap putusan kepailitan untuk mendapatkan hak-hak buruh yang diatur dalam peraturan perundang-undangan yang berlaku. Dan terakhir, bagaimana pembayaran upah buruh dan pemenuhan hak-hak yang timbul akibat PHK pada kasus kepailitan PT Fit-U Garment Industry.

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This thesis discusses the protection of workers' wage payment and fulfillment of labor rights arising from layoffs at the company declared bankrupt under the laws of bankruptcy and employment, with the bankruptcy case studies PT Fit U Garment Industry. This study describes about the workers as one of the creditors of the bankruptcy debtor must be coupled with other creditors in obtaining payment of wages and other labor rights of the bankruptcy estate. This study aims to answer the question as follows; first, how the position of wage bills and other labor rights in order of priority debt payments. Second, how efforts to be made by the workers against the decision of the bankruptcy to obtain labor rights set out in the legislation in force. And lastly, how payment of wages and fulfillment of the rights arising from layoffs in the case of bankruptcy PT Fit-U Garment Industry."

"Rencana Perdamaian dalam PKPU merupakan suatu penawaran yang diajukan oleh Debitor melalui suatu dokumen hukum yang meliputi pembayaran utang-utangnya kepada Para Kreditor, dengan mekanisme yang telah terlebih dahulu disepakati oleh Debitor dengan Para Kreditornya sebagaimana diatur dalam Pasal 281 ayat (1) UUK PKPU, namun dalam praktek, ternyata permasalahan pada proses pemungutan suara (voting) atas rencana perdamaian tersebut dapat terjadi. Sebagaimana dalam Putusan Nomor 12/Pdt.Sus-PKPU/2021/PN.Niaga.Smg. Bahwa dalam putusan PKPU tersebut, setelah dilakukan proses pemeriksaan terhadap kelengkapan dokumen kreditor, tim pengurus menyatakan bahwa terdapat dua kreditor yang tidak dapat memberikan suaranya terhadap rencana perdamaian padahal Kreditor tersebut telah ditetapkan dalam suatu Daftar Piutang Tetap. Dengan menggunakan metode penelitian yuridis normatif, tulisan ini bertujuan untuk menganalisis mengenai dikesampingkannya hak pemungutan suara (voting) kreditor dalam proses persetujuan rencana perdamaian PKPU, serta pertimbangan Majelis Hakim dalam menjatuhkan putusan pada Putusan Nomor 12/Pdt.Sus-PKPU/2021/PN.Niaga.Smg. Hasil dari penelitian ini adalah bahwa ditetapkannya Kreditor dalam suatu Daftar Piutang Tetap menandakan bahwa Para Kreditor telah melewati tahap verifikasi legalitas Para Kreditor; status tagihan, dan jumlah hak suara yang dimiliki. Sehingga tidak terdapat kualifikasi maupun faktor apapun yang memungkinkan Hakim untuk mengesampingkan / meniadakan hak suara Kreditor untuk melakukan voting atas Rencana Perdamaian. Akibat hukum dikesampingkannya hak suara Kreditor tidak serta merta menghilangkan status sebagai Kreditor dan hak tagihnya hilang, melainkan tetap ada sebagaimana dalam Daftar Piutang Tetap dan setelah perdamaian disahkan maka akan mengikat seluruh Kreditor Konkuren, kecuali Kreditor Separatis sebagaimana dalam Pasal 281 ayat (2) UUK PKPU, kemudian upaya hukum yang dapat dilakukan adalah kasasi ke Mahkamah Agung. Selanjutnya, terkait dengan analisis putusan, maka Hakim telah melanggar Pasal 281 ayat (1) UUK PKPU.

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The Reconciliation Plan in PKPU is an offer submitted by the Debtor through a legal document covering payment of his debts to Creditors, with a mechanism that has been previously agreed upon by the Debtor and his Creditors as stipulated in Article 281 paragraph (1) UUK PKPU, but in practice, it turns out that problems in the voting process for the Reconciliation Plan can occur. As in Decision Number 12/Pdt.Sus-PKPU/2021/PN.Niaga.Smg. Whereas in the PKPU decision, after an examination of the completeness of creditor documents, the management team stated that there were two creditors who were unable to vote on the reconciliation plan even though the creditors had been determined in a List of Fixed Receivables. By using normative-juridical research methods, this article aims to analyze the exclusion of creditors' voting rights in the approval process for the PKPU Reconciliation Plan, as well as the considerations of the Panel of Judges in passing a decision on Decision Number 12/Pdt.Sus-PKPU/2021/PN.Niaga.Smg. The results of this study are that the determination of Creditors in a Register of Receivables indicates that the Creditors have passed the legality verification stage of the Creditors; the status of the invoice, and the number of voting rights held. So that there are no qualifications or any factors that allow the Judge to set aside / cancel the Creditors' voting rights to vote on the Reconciliation Plan. The legal consequence of setting aside the Creditor's voting rights does not necessarily eliminate the status as a Creditor and the rights to collect are lost, but remain as in the List of Fixed Receivables and after the settlement is ratified, it will bind all Creditors except Separatist Creditors as in Article 281 paragraph (2) UUK PKPU, then legal remedy that can be done is cassation to the Supreme Court. Furthermore, related to the analysis of the decision, the Judge has violated Article 281 paragraph (1) of the PKPU Law."

"The motivation behind this research is rather a glance of the true purpose behind the meaning of suspension of payment obligations and the clear solution it's commonly faced with. Ever since man conceived of commerce, all entities concerned with trading are faced with the threat of a downfall, of lack of capital and/or resources to further its own end, thus is term bankruptcy. Since also the time of when the first corporations were set up in ancient Rome, the idea of a mechanism of a share or an ownership in which these primal system of trading were initiated, entities divide the ownership of these companies by means of a share or a stock. Thereby, those possessing capital may become investors in which they partake an involvement in the trading activity of the company they invested in through capital contributions. While it is the most acknowledged and upstanding of concept in the business world, shares were specifically and are legally set up in order for it to perform in a much more refined and adoptable way throughout time. As the cornerstone of commercial activity and/or early forms of corporate finance, shares are regarded as a payment obligation that a corporation must fulfill to their holders. Hence, the concept of shares are closely linked with that of bankruptcy. This research proposes a clear solution to the challenges that many businesses today are faced with in terms of bankruptcy. Whether or not it is worth converting debts into shares, of course, lies in the decision that were made between the conflicting parties. However, the fact that such action truly present a solution to their problem remain specifically and objectively to the benefits that each party obtains. This research approaches the problem through the case study of suspension of payment obligation to prevent the bankruptcy of P.T. Bakrie Telecom Tbk. that was presented by P.T. Netwave Multi Media and were decided that the debts be converted into shares. In a long run, the decisions that were made seem solid, as if all debts were to be fulfilled on specified time. However, there are assumptions as well as the probability whereby such time extension may prove to be quite risky and are frivolous in nature. This research thus seeks to enlighten the fact that the court of law fully supports the legality and the solidity of the conversion of debts into shares and how suspension of payment obligation may well benefit both parties, the debtor as well as the creditor, in the long run."

"Penelitian ini ditujukan untuk mengidentifikasi hal-hal yang perlu direformulasi dalam ketentuan penundaan kewajiban pembayaran utang (“PKPU”) dalam Undang-undang Nomor 37 Tahun 2004 tentang Kepailitan dan Penundaan Kewajiban Pembayaran Utang (“UU Kepailitan 2004”) agar kreditor dan debitor diberikan perlindungan yang seimbang. Secara spesifik penelitian ini fokus pada permasalahan pengajuan PKPU oleh kreditor, kedudukan kreditor separatis dan kreditor preferen dalam perdamaian, dan pembatalan perdamaian yang telah disahkan. Penelitian ini dilakukan dengan metode penelitian yuridis normatif dengan pendekatan perbandingan. Hasil penelitian ini menunjukkan bahwa ketentuan PKPU dalam UU Kepailitan 2004 lebih cenderung melindungi kreditor daripada debitor. Berdasarkan penelitian ini dan perbandingan dengan hukum kepailitan Belanda, Singapura, dan Amerika Serikat, maka perlu dilakukan perubahan terhadap UU Kepailitan 2004 atas hal-hal sebagai berikut: (i) penambahan syarat bagi kreditor yang hendak mengajukan PKPU; (ii) pengaturan cramdown, (iii) hak suara kreditor preferen terhadap rencana perdamaian; dan (iv) pengaturan tentang pembatalan perdamaian perlu disesuaikan agar kelalaian pelaksanaan perdamaian tidak harus berujung pada kepailitan serta memberi kesempatan agar perdamaian dapat diubah berdasarkan kesepakatan para pihak dengan tetap di bawah pengawasan pengadilan niaga.

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This research aims at identifying matters needed to be reformed in the suspension of debt payment obligations (“PKPU”) in Law No. 37 of 2004 on Bankruptcy and Suspension of Debt Payment Obligations ("Bankruptcy Law 2004") so creditors and debtors have equal protection. Specifically, this research focused on the problem of PKPU's petition by creditors, the position of separatist creditors and preferred creditors in the plan, and the termination of a confirmed plan. This research was conducted using a normative juridical research method with a comparative approach. Results of this study indicated that the regulation of PKPU in Bankruptcy Law 2004 tends to protect creditors than debtors. Based on this research and the comparison with bankruptcy law in the Netherlands, Singapore, and the United States of America, Bankruptcy Law 2004 needs to be reformed on the following matters: (i)  the requirement of creditors who can submit PKPU petition; (ii) the regulation of cramdown; (ii) the voting rights of preferred creditors to composition plan; and (iv) the regulation of plan termination need to be reformed so that the failure of plan implementation doesn't have to end with bankruptcy, and also a chance to modify a confirmed plan based on the agreement of all parties under the supervision of a commercial court."

"Dalam perkara kepailitan, debitor dapat mengajukan rencana perdamaian baikmelalui Penundaan Kewajiban Pembayaran Utang (PKPU) ataupun perdamaiansetelah putusan pailit dijatuhkan. Dalam hal rencana perdamaian diajukan melaluiPKPU, maka setelah perdamaian tersebut disetujui dan dihomologasi olehPengadilan Niaga maka putusan homologasi mengikat semua kreditor kecualikreditor separatis dan terhadap kreditor separatis tersebut diberikan kompensasisebesar nilai terendah di antara nilai jaminan atau nilai aktual pinjaman yang secaralangsung dijamin dengan hak agunan atas kebendaan sebagaimana diatur dalamPasal 286 UUK-PKPU. Selama PKPU berlangsung, debitor tidak dapatdimohonkan pailit. Hal ini berdasarkan Pasal 260 UUK-PKPU. Dengan demikian,selama debitor beritikad baik melaksanakan isi perdamaian dalam putusanhomologasi seharusnya debitor dilindungi dari kepailitan kecuali debitor lalaidalam memenuhi isi perdamaian. Jika hal yang demikian terjadi, kreditor dapatmenuntut pembatalan perdamaian yang mengakibatkan debitor seketika dinyatakanpailit. Dalam praktik, terdapat 2 (dua) putusan pengadilan yang saling bertentangandan menimbulkan akibat hukum yang berbeda terhadap debitor yang sama yaituputusan homologasi dan putusan pernyataan pailit. Hal ini menjadi permasalahanyang hendak dikaji dalam penelitian ini yaitu pelaksanaan putusan homologasidengan dikabulkannya putusan pernyataan pailit terhadap debitor yang sama. Penelitian ini dilakukan dengan menggunakan metode penelitian yuridis normatif terhadap kasus kepailitan PT Siak Raya Timber.

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In a bankruptcy case, the debtor can propose a composition plan either by the suspension of payment or accord after the bankruptcy order granted. If the composition plan is submitted through suspension of payment, the plan will then be approved and be homologated by the Commercial Court. The homologation decision binds debtor and all creditors except the separatist creditors, in which compensation with the lowest value between the collateral value or the actual value

of the loan that is directly guaranteed by collateral rights as regulated in Article 286

Indonesian Bankruptcy Act will be given. Based on Article 260 Indonesian Bankruptcy Act, the debtor cannot be filed for bankruptcy during the suspension of payment. Therefore, as long as the debtor acting in good faith executing the accord based on the homologation decision, the debtor should be protected from bankruptcy. If the debtor fails to fulfill the accord based on the homologation decision, the creditor can demand a cancellation of the accord which causes the debtor to be declared bankrupt immediately. In practice, two court decisions contradict each other and lead to different legal consequences against the same debtor, namely the homologation decision and the bankruptcy order. This is an issue that will be examined in this study, which is the execution of the suspension of payment’s homologation decisions with the granting of a bankruptcy order against the same debtor. This study uses normative juridical methods on the bankruptcy case of PT Siak Raya Timber."

"Kepailitan di Indonesia diatur dalam Undang-Undang Nomor 37 Tahun 2004 tentang Kepailitan dan Penundaan Kewajiban Pembayaran Utang. Kebangkrutan adalah perampasan umum seluruh harta kekayaan Debitor Pailit yang pengurusan dan penyelesaiannya dilakukan oleh Kurator di bawah pengawasan Hakim Pengawas berdasarkan UU. Dalam prosesnya, setelah dinyatakan pailit diadakan rapat verifikasi atau verifikasi piutang, dimana dalam rapat verifikasi, Dalam piutang ada pihak-pihak yang terlibat antara lain kurator, kreditur, debitur pailit dan juga hakim pengawas. Tidak jarang dalam proses ada perselisihan antara para pihak terhadap daftar piutang piutang yang dibuat oleh kurator dan hakim pengawas tidak dapat didamaikan kedua belah pihak, hakim pengawas dapat menasihati para pihak untuk mengajukan upaya hukum yaitu renvoi prosedural berdasarkan Pasal 127 ayat (1) UUKPKPU. Tujuan dari makalah ini adalah untuk mengidentifikasi konsep renvoi dalam hukum kepailitan berdasarkan teori renvoi dalam ilmu hukum, menganalisis penerapan prosedur renvoi dalam Putusan Mahkamah Agung Nomor 645K/Pdt.Sus-Kepailitan/2017 berdasarkan peraturan perundang-undangan yang berlaku dan menganalisis pertimbangan Majelis Hakim di tingkat pertama serta pertimbangan Majelis Hakim pada Mahkamah Agung yang memutus perkara tersebut antara Kurator PT Graha Anggoro Jaya (dalam Kepailitan) dengan Kreditur Lain yang merasa dirugikan terhadap PT Adhi Karya Tbk (Persero). Jenis penelitian yang yang digunakan dalam penelitian ini adalah penelitian yuridis normatif yang didasarkan padaUU No. 37 Tahun 2004 tentang Kepailitan dan PKPU serta Putusan Mahkamah Agung No. 645K/Pdt.Sus-Pailit/2017. Sifat dari penelitian ini adalah deskriptif analitis. Penelitian ini dilakukan dengan menggunakan metode penelitian penelitian kepustakaan dan analisis data kualitatif.Bankruptcy in Indonesia is regulated in Law Number 37 of 2004 concerning Bankruptcy and Suspension of Debt Payment Obligations. Bankruptcy is the general confiscation of all assets of the Bankrupt Debtor whose management and settlement is carried out by the Curator under the supervision of the Supervisory Judge based on the Law. In the process, after being declared bankrupt, a verification meeting or verification of receivables is held, where in the verification meeting, in receivables there are parties involved including the curator, creditor, bankrupt debtor and also the supervisory judge. Not infrequently in the process there is a dispute between the parties on the list of receivables made by the curator and the supervisory judge cannot be reconciled by both parties, the supervisory judge can advise the parties to file legal remedies, namely procedural renvoi based on Article 127 paragraph (1) UUKPKPU. The purpose of this paper is to identify the concept of renvoi in bankruptcy law based on the theory of renvoi in legal science, to analyze the application of the renvoi procedure in the Supreme Court Decision Number 645K/Pdt.Sus- Bankruptcy/2017 based on the applicable laws and regulations and analyze the considerations of the Panel of Judges at the first level and the considerations of the Panel of Judges at the Supreme Court which decided the case between the Curator of PT Graha Anggoro Jaya (in Bankruptcy) and Other Creditors who felt aggrieved against PT Adhi Karya Tbk (Persero). The type of research used in this study is a normative juridical research based on UU no. 37 of 2004 concerning Bankruptcy and PKPU and Supreme Court Decision No. 645K/Pdt.Sus-Pailit/2017. The nature of this research is descriptive analytical. This research was conducted using library research research methods and qualitative data analysis."

"Skripsi ini membahas mengenai perbandingan teori dan penerapan perdamaian dalam PKPU berdasarkan peraturan kepailitan di Indonesia, Amerika Serikat, dan Brazil. Skripsi ini menggunakan metode penelitian yuridis normatif, yang bersifat eksplanatoris deskriptif. Pembahasan akan menganalisa perbedaan dan juga persamaan mengenai jalannya suatu perdamaian dalam rangka PKPU dan Kepailitan antara Negara yang menganut Civil Law yaitu Amerika Serikat, dan Common Law, yaitu Indonesia dan Brazil. Dengan adanya studi kasus, diketahui bahwa suatu rencana perdamaian tidak selalu dapat diterima baik oleh kreditor atau Pengadilan Niaga, dan suatu rencana perdamaian yang telah disahkan, tetap dapat diajukan pembatalan jika debitor lalai menjalankan kewajiban yang tercantum dalam rencana perdamaian. Hasil dari penelitian ini adalah bahwa ada perbedaan konsep perdamaian dalam PKPU di Indonesia, Amerika Serikat, dan Brazil.

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This thesis discusses the comparison of theory of accord on Suspend of Payment and its application according to Bankruptcy regulation in Indonesia, United States, and Brazil. This thesis uses juridical normative method, descriptive explanatory nature. The discussion will analyze the differences and similarities between accord implementation in country based on civil law, which is United States of America, and in countries based on common law, which are Indonesia and Brazil. In regard to the cases analyzed by the author, noted that not all of accord plan can be approved, either by creditors or court. If the debtor neglects the accord plan which has been approved by the court, it can be applied for cancellation. The result from this research is that there are differences between the accord on Suspend of Payment in Indonesia, United States, and Brazil. "