Press Esc to close
Saturday 02 July 2016
News updated at 3:45 AM IST
Weather
Max: 28°C
Min : 20°C
In Bengaluru
Partially cloudy

GMR gets reprieve from Singapore High Court, Maldives defiant

Singapore/Male, Dec 3, 2012 (PTI):
Fule photo: An aeroplane lands at Male International Airport while a sail boat makes its way through a blue lagoon. AFP

Indian infrastructure giant GMR today won a reprieve from Singapore High Court which stayed the unilateral termination of its USD 500 million Male airport project by the Maldivian government, which, however made it clear that they will not honour the order.

After the Maldivian government terminated the contentious project under domestic political pressures, GMR moved the Singapore High Court against the decision. As per the project contract, in case of any differences between parties, the law of either Singapore or UK would apply.

"The High Court of Singapore has today granted injunctive relief against the applicability and operations of Letter dated November, 27 issued by the Ministry of Finance & Treasury (MoFT), Government of Male," GMR said in a statement in Singapore.

The Maldivian Airport Company Limited (MACL), based on Maldivian government's instructions, had on November 27 terminated the contract, which was given to GMR in 2010 during the previous regime of President Mohamed Nasheed.

Immediately after the Singapore High Court verdict, Maldives made it clear that its termination decision was "non -reversible and non-negotiable" and said no such injunction can be issued against a sovereign state.

"The government's decision is very clear. It is non-reversible and non-negotiable. Our decision was based on legal advice we got from our lawyers in UK and Singapore," Maldives President Mohamed Waheed's press secretary Masood Imad told PTI in Male.

"We have asked MACL to go ahead with the takeover process that would be done later this week," he said, adding, "We believe the judge was incorrect in interpreting the law".

He also argued that "Where compensation is adequate, an injunction cannot be issued. A court cannot issue such an injunction against a sovereign state.

"The laws of Singapore and Britain is very clear. It does not permit issuing an injunction where compensation is adequate".

The official said Maldivian government has initiated the arbitration process and "GMR will be compensated".

Meanwhile, Indian officials said they were studying the court verdict as the entire issue required a "more considered view."


Go to Top

Photo Gallery
Dark clouds over the Golden Temple in Amritsar on Friday...

Dark clouds over the Golden Temple in Amritsar on Friday...

Thomas Shannon, US Under Secretary of State for Political Affairs prays besides Mother's tomb...

Thomas Shannon, US Under Secretary of State for Political Affairs prays besides Mother's tomb...

An eagle on the premises of the Government Ayurveda College and Hospital in Mysuru on Friday...

An eagle on the premises of the Government Ayurveda College and Hospital in Mysuru on Friday...

Bollywood actors Kalki Koechlin and Imaran Khan during the special screening of short film...

Bollywood actors Kalki Koechlin and Imaran Khan during the special screening of short film...

Muslims offering last Friday prayers in front of Tipu Sultan Mosque in Kolkata during the holy...

Muslims offering last Friday prayers in front of Tipu Sultan Mosque in Kolkata during the holy...

People climb stairs at Agrasen ki Baoli in New Delhi...

People climb stairs at Agrasen ki Baoli in New Delhi...

A priest performs worship near Light Combat Aircraft (LCA) Tejas during a ceremony...

A priest performs worship near Light Combat Aircraft (LCA) Tejas during a ceremony...

Police personnel with the bikes after the launch of 'Rapid Rural Police Response System' at Punjab..

Police personnel with the bikes after the launch of 'Rapid Rural Police Response System' at Punjab..

Thomas Shannon, US Under Secretary of State for Political Affaira visits the country's oldest...

Thomas Shannon, US Under Secretary of State for Political Affaira visits the country's oldest...

A peocock flies at the Rajbhavan in Mumbai on Friday...

A peocock flies at the Rajbhavan in Mumbai on Friday...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523