INKRAH Law · IRDA 2018 · Act of Parliament (2018)

Judicial Management — Rescue by Judicial Management

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Disclaimer: INKRAH Law reproduces the text of legislation for information and educational purposes only, and covers solely statutes made by the legislative and executive branches. The text may contain typographical or translation errors; always verify its authenticity and official version at the JDIH (official legal-documentation portal) of the relevant executive or legislative institution. To confirm whether a regulation is still in force, please visit the relevant institution's official website, and take note of any judicial review granted by the Supreme Court (MA) or the Constitutional Court (MK). English and other foreign translations here are unofficial.
Official source / JDIH →

Bahasa Indonesia

Manajemen yudisial menempatkan perusahaan yang tidak atau kemungkinan tidak mampu membayar utang, tetapi masih dapat dipulihkan, di bawah seorang manajer yudisial demi kelangsungannya atau pencairan asetnya yang lebih menguntungkan daripada likuidasi.

English (Singapore)

Judicial management places a company that is or is likely to be unable to pay its debts, but which may be rehabilitated, under a judicial manager with a view to its survival or a more advantageous realisation of its assets than on a winding up.