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The lenders, which also include funds from Tor Investment Management, are alleging in their request for a committal order that Salim, as the sponsor of the borrowing companies, continues to defy the court’s anti-suit injunction to stop suing them over the loan. Salim hasn’t done anything to participate in the court process until 10 days ago, Danny Ong of Setia Law, who represents the lenders, said at the hearing. Salim’s request for additional time to file affidavit is the latest effort to delay the proceedings, Ong said.
Salim’s companies tapped the loan in 2020, according to Indonesian court filings. Half of the $200 million loan came from Ares, while the other half was from Tor’s funds.