aruda Indonesia subsidiary Garuda Indonesia Holiday France (GIHF) has won a lawsuit against two lessors, Greylag 1410 and Greylag 1446, in Paris.
The Paris Civil Court ruled to release GIHF’s bank, whose account had been temporarily foreclosed in 2022 under provisional attachment proceedings, a legal remedy that allows the plaintiff to obtain a preliminary order to seize or freeze the defendant’s assets.
“It is a shame that these two lessors are suing us,” said Garuda CEO Irfan Setiaputra in a press statement released on Thursday, adding that what Greylag was attempting was “against the law.”
On top of the full release of the bank account, the court also ordered Greylag to pay 230,000 euros (US$244,703) for cost and damages caused by the foreclosure.
According to the press statement, the court did not find a strong legal basis for the seizure request.
“We have to stress that Garuda Indonesia’s restructuring plan was taken through long discussions with all creditors in conformity with the law,” said Irfan.
“With that in mind, I hope everyone is handling it wisely, that is, in conformity with the law,” he added.
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