Upaya Perdamaian dalam PKPU untuk Mencegah Kepailitan pada PT. Garuda Indonesia Persero Tbk. (Studi Putusan Nomor 425/Pdt.Sus-PKPU/PN Niaga Jkt.Pst)

Abstract

Postponement of Debt Payment Obligations (PKPU) is a legal instrument that allows companies to propose a settlement plan as an alternative to bankruptcy. This thesis comprehensively examines the strategic role of PKPU in the debt restructuring process of PT Garuda Indonesia (Persero) Tbk., which faced a financial crisis due to the COVID-19 pandemic. The study highlights how PKPU served as a legal mechanism to prevent asset liquidation and maintain the company’s operational continuity. This research employs a normative juridical approach with descriptive-analytical methods. The data is obtained through literature review, including primary legal sources such as Law Number 37 of 2004 on Bankruptcy and PKPU, court decision Number 425/Pdt.Sus-PKPU/PN Niaga Jkt.Pst, as well as secondary and tertiary legal materials. The findings indicate that through the PKPU process, PT Garuda Indonesia succeeded in submitting a peace proposal that was approved by the majority of its creditors, thus enabling a systematic postponement of debt payments. The PKPU process served as an effective legal means for debt restructuring and corporate rescue from bankruptcy. Furthermore, the settlement agreement provided legal protection for both debtors and creditors within a framework of deliberation and mutual consensus. Therefore, PKPU can be regarded as a comprehensive solution for public companies in Indonesia facing financial distress.