Tri Polyta is an insolvent Indonesian chemicals manufacturer, which has acquired notoriety in Indonesian investment circles because of 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. The court agreed in May 2004, freeing Tri Polyta of the obligation to repay US$185 million in principal, as well as close to US$119 million in interest. The creditors are appealing. * v * t * e
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