Singapore: The Singapore High Court has dismissed the application filed by Maldives Airports Company seeking vacation of the injunctive order granted in favour of GMR Male International Airport (GMIAL), the Indian infrastructure giant said Tuesday.
The High Court had on July 23 granted an injunction in favour of GMIAL, restraining MACL from taking any step in the Civil Courts of the Maldives preventing GMIAL from adjustment/set-off of the Airport Development Charge and insurance surcharge.
"On November 19, the High Court of Singapore has dismissed the application filed by MACL seeking vacation of the injunctive order granted in favor of GMIAL on July 23 and made absolute the injunctive relief granted in favor of GMIAL," the GMR said in a statement.
GMR Male International Airport is a joint venture company comprising GMR Infrastructure Limited (77 percent) and Malaysia Airports Holding Berhad (23 percent).
GMR had won the airport contract when government headed by former President Mohamed Nasheed was in place, but the project, the largest single investment in the history of Maldives, began facing problems soon after a regime change in the country earlier this year.
The matter of levying Airport Development Charge is before an arbitration court in Singapore.
First Published: Tuesday, November 20, 2012, 19:00