Ares’ Row With Indonesia Debtors Over $200 Million Loan Delayed
- Lenders Ares and Tor have been stuck in long legal battles
- David Salim’s companies received the loan originally due 2021
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A Singaporean court adjourned hearing on a suit filed by Ares Management Corp. and other lenders against Indonesian businessman David Salim over contempt-of-court allegations, the latest turn in their long-running legal battle over a $200 million loan.
Justice Chua Lee Ming of Singapore’s Supreme Court said in a Friday hearing that the adjournment to no earlier than April 19 would give Salim more time to file his response.