Last Updated: Friday, June 21, 2013, 15:47
The claim was today filed before an Arbitration Court here and a final order in the matter is likely to come out by end of March next year.
Last Updated: Tuesday, June 18, 2013, 18:14
The USD 511 million project was abruptly cancelled by the Maldivian government in November 2012.
Last Updated: Friday, December 07, 2012, 13:12
Amid the raging diplomatic row over the unilateral cancellation of the GMR contract, India has put on hold a Rs 250 crore loan to Maldives.
Last Updated: Friday, November 30, 2012, 22:21
The move violates the spirit of International Concession Agreement which was signed after biding global tender by the GMR Group, the chamber said.
Last Updated: Friday, November 30, 2012, 18:34
Meanwhile, Waheed's special advisor Dr. Hassan Saeed, who is tipped to be Waheed's running mate in the 2013 Presidential elections, said that the GMR termination decision was a patriotic move.
Last Updated: Tuesday, November 27, 2012, 23:41
GMR Group Tuesday said the Maldivian government's decision to scrap the airport development contract awarded to it as "irrational and unlawful".
Last Updated: Tuesday, November 27, 2012, 21:43
Maldives Tuesday said its cabinet has recommended termination of a contract given to GMR Group for developing Male Airport, a project awarded to the Indian group during the previous regime of island nation.
Last Updated: Tuesday, November 27, 2012, 21:41
The USD 500-million project was hanging in balance ever since the regime change in Maldives earlier this year. The GMR group had won the contract during the regime of former President Mohamed Nasheed.
Last Updated: Monday, November 05, 2012, 18:49
Batting strongly against pro-government parties' efforts to reclaim Male International Airport from Indian firm GMR, former President Mohamed Nasheed said the move would cause "irrevocable" damage to the country.
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