Bhullar, who won the first Asian Tour title of his career in Indonesia, moved from seven-under in first round to 10-under after 16 holes in the second.
Bhullar was playing partner Jazz Janewattananond of Thailand, who had nine-under with two more holes to play. They will return on Saturday to complete the second round alongside 52 other players.
Thailand's Prom Meesawat showed no signs of disappointment from a play-off defeat two weeks ago when he shot a second round five-under-par 66. The burly Thai, who lost to China's Liang Wen-chong in a play-off in Manila, put himself in a strong position to win a second Asian Tour title since 2006 after compiling a nine-under-par 133 total at the Pantai Indah Kapuk course at the Damai Indah Golf.
Anirban Lahiri (71-68), Jyoti Randhawa (69-70), Abhinav Lohan (70-70), Himmat Rai (73 and four-under through 14), Chiragh Kumar (74-67), Shiv Kapur (72 and two-under through 15) and Rahil Gangjee (75-69) all looked likely to make the cut.
The lone Indian in danger was Ajeetesh Sandhu (73 and three-over through 16 holes).
Decorated Thai stars Thongchai Jaidee and Thaworn Wiratchant, both former Indonesia Open winners, fired a 67 and 64 respectively for identical 134s in the morning before play was abandoned due to lightning threats.
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