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 | | Tri Polyta is an insolvent Indonesian chemicals manufacturer, which has acquired some notoriety in investment circles due to its default on a large 1996 bond issue, and its success in persuading a court in Indonesia to protect it from the enforcement of its bond obligations. |
| | It argued that it had been induced by the machinations of the defendants into entering into an underwriting agreement that was fraudulent under Indonesian law. |
| | The court agreed in May 2004, freeing Tri Polyta at once stroke of the obligation to repay US$185 million in principal, as well as close to US$119 million in interest. |
| www.australiaiworld.com /wiki2-Tri_Polyta (149 words) |
