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GMR says Maldives govt, aviation agency liable to pay damages

Last Updated: Thursday, June 19, 2014, 16:08

The GMR Group, which had to exit the Male airport project, today said a tribunal has declared the Maldivian government and the nation's airport agency "jointly and severally liable in damages" to the company for loss caused by the wrongful repudiation of the agreement.

No possibility of GMR return in airport project: Maldives Prez

Last Updated: Sunday, January 12, 2014, 15:03

The President has already talked about a out-of-court settlement in the matter.

Maldives for out of court settlement with GMR

Last Updated: Thursday, January 02, 2014, 18:27

The GMR's project worth over USD 500 million was scrapped unilaterally 14 months back by Maldivian government.

Maldivian President to arrive on India visit

Last Updated: Wednesday, January 01, 2014, 13:26

Maldivian President Yameen Abdul Gayoom will arrive here Wednesday afternoon on his first official visit after assuming office in November.

Ready to run Male airport if Maldivian govt invites us: GMR

Last Updated: Thursday, December 19, 2013, 19:17

According to GMR Chairman, GM Rao, their exit from the island nation was 'political' and the arbitration for USD 1.4 billion compensation will continue in the Singapore Court.

No corruption in Male airport deal, says watchdog

Last Updated: Tuesday, June 18, 2013, 18:14

The USD 511 million project was abruptly cancelled by the Maldivian government in November 2012.

ACC clean chit to GMR does not change our stand: Maldives

Last Updated: Tuesday, June 18, 2013, 15:41

The current Maldivian government had in December last year unilaterally terminated the over USD 500 million contract given to GMR Group to develop and operate Male Airport.

GMR gets respite in Male airport row

Last Updated: Monday, June 17, 2013, 22:43

In a relief for GMR, the Maldives' anti-graft watchdog is believed to have ruled out any corruption in the leasing of Ibrahim Nasir International Airport here to the Indian infrastructure major by the previous administration.

Willing to talk to GMR if we come to power: Gayoom

Last Updated: Sunday, June 09, 2013, 16:13

Nearly seven months after GMR's over USD 500 million Male airport project was terminated, former President and key political player Maumoon Abdul Gayoom says his party is open to do business with the Indian infrastructure major if it comes back to power.

GMR seeks over $800 mn; Maldives insists on forensic audit

Last Updated: Sunday, December 16, 2012, 13:02

The Maldivian government, however, debunked the calculations and insisted on getting a forensic audit done through an international firm.

GMR seeks over $800 mn; Maldives insists on forensic audit

Last Updated: Sunday, December 16, 2012, 13:02

The Maldivian government, however, debunked the calculations and insisted on getting a forensic audit done through an international firm.

Maldives groups should not misuse GMR issue: Khurshid

Last Updated: Monday, December 10, 2012, 15:59

The Maldives government's scrapping a USD 500 million deal with Indian construction major GMR is "is an issue essentially legal in nature", Khurshid told reporters.