Mandiri claims BLT's decision in January to suspend payments on $1.9bn of debts was made unilaterally and therefore does not affect its loans with the firm.
If granted by the court, the suspension will provide a timeframe for Mandiri and Berlian to seek a settlement, including debt restructuring, with the bank presumably hoping it will force BLT to settle with it first since it is mandated rather than voluntary, as is the case with the other debtor banks.
BLT meanwhile has declined comment, with finance director Kevin Wong quoted in local media as saying he had not personally been in contact with Bank Mandiri and therefore not able to comment. At this stage it is unclear how the other debtors will react to this development.
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