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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.

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.

Tata Housing not to pull out of Maldives

Last Updated: Monday, December 10, 2012, 15:33

The Tata group entity also said it is "seriously considering" the island government's offer of an alternate land parcel instead of an earlier location and hopes to settle the issue within next 1-2 months.

Tata Housing not to pull out of Maldives

Last Updated: Monday, December 10, 2012, 15:33

The Tata group entity also said it is "seriously considering" the island government's offer of an alternate land parcel instead of an earlier location and hopes to settle the issue within next 1-2 months.

Blow to GMR: Singapore SC rules in favour of Maldives

Last Updated: Thursday, December 06, 2012, 14:18

In a severe blow to Indian infrastructure major GMR, Singapore Supreme Court Thursday ruled that the Maldivian government has the authority to reclaim the Male airport from the firm even as India stressed on "fulfilment" of all legal processes regarding compensation.

GMR row: India warns Maldives of dire outcomes if legal course not followed

Last Updated: Wednesday, December 05, 2012, 18:23

India acknowledges that the Maldivian government's decision to cancel GMR's contract for building Male airport is a domestic issue but it is upset over "anti-India sentiment being whipped up" in connection with the issue there.

GMR contract termination's impact 'inevitable' on ties: India

Last Updated: Thursday, November 29, 2012, 22:21

Terming as "extremely unfortunate" the campaign against the project, top government officials said it was made a political issue from purely a commercial one while noting that "many interests were at work" in Maldives.