INTEREST CHARGES SHOULD STOP FOR BANK LOANS DECLARED NON-PERFORMING
Banks (creditors) that unilaterally terminate a loan agreement with the debtor by stating in writing that the loan is non-performing, then juridically, at that time, everything must be in a state of status quo, both regarding the amount of non-performing credit as well as the amount of interest. It is no longer justifiable to add interest to the loans declared non-performing.
- Supreme Court Decision No. 2899 K/Pdt/1994, dated 15 February 1996.
Source: Compilation of Supreme Court Abstract Legal Decisions on the Law of Debts and Receivables, By: Ali Boediarto, S.H. Publisher: Indonesian Judges Association, Page 336.
Best regards,
Fredrik J. Pinakunary