Indonesia Private Law Review
Vol. 6 No. 1 (2025): Issue In progress (January 2025)

ANALYZING BANKRUPTCY CANCELLATION THROUGH THE PRINCIPLE OF JUSTICE: A CASE STUDY OF INTIDANA COOPERATIVE

Kristianto, Adiel Mischa (Unknown)
Suteki, Suteki (Unknown)
Geofrey, Mahoro Jean Claude (Unknown)



Article Info

Publish Date
06 Oct 2025

Abstract

Indonesian bankruptcy law, regulated under Act Number 37 of 2004, has yet to fully realize its principles, resulting in legal uncertainty and gaps in implementation. A notable example is the Intidana Cooperative bankruptcy case, where a cassation ruling was later overturned through a Review Court decision. This study analyzes the revocation of Intidana Cooperative’s bankruptcy through the lens of the Principle of Justice in Act Number 37 of 2004, reinforced by John Rawls’ Theory of Justice. Using descriptive analysis of legal documents, government policies, and prior studies, the research finds that the Judicial Review decision upheld the Principle of Justice by recognizing cooperative members as the least advantaged party. Petitioners for bankruptcy were themselves cooperative members, while other members lacked the power to influence cooperative actions without a resolution from the Cooperative Members’ Meeting, placing them in a vulnerable position requiring judicial protection. The study concludes that while justice was realized in this case, existing provisions safeguarding the interests of cooperative members in bankruptcy require further review to ensure equitable outcomes for all parties.

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Journal Info

Abbrev

iplr

Publisher

Subject

Law, Crime, Criminology & Criminal Justice

Description

FOCUS The Indonesian Private Law Review discusses matters in the private law field, consisting of established or founded upon law actions. Subsequently, the Indonesian Private Law Review focuses on implementation to put a decision or plan into effect or execution. In the Indonesian Private Law ...