Maldives Gmr Airport

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  GMR Claims $803 Million for Termination of Male Airport Contract

  According to filing with bourses, the Indian infra major said, in addition to that, a plea for award of further damages for loss of reputation caused to GMR as a consequence of wrongful repudiation of the Concession Agreement has also been made to the Arbitral Tribunal in Singapore.

• GMR Infra Wins Arbitration Against Male Government in Airport Case

  GMR Infrastructure on Thursday said it has won arbitration proceedings in the Male airport case and the tribunal has asked the Maldivian government and airport company are liable to pay damages and $4 million in legal costs to GMR.

• GMR sticks to $1.4-billion claim for Male contract termination

  Amidst a legal tussle on between GMR and the Maldivian government over termination of a contract to develop Male international airport, the Indian infrastructure firm has said it stands by its compensation claim of $1.4 billion.

• GMR seeks $1.4 billion compensation from Maldives government

  While GMR has confirmed that it has filed for compensation, it was "not willing to comment" since the arbitration was on.

• GMR-Maldives arbitration over Male airport to commence next year

  Arbitration proceedings in the airport contract row between Maldives and GMR Group will commence in the middle of next year though an exact date has not been finalised yet.

• GMR Infra Q3 net loss doubles to Rs 217.45 crore

  GMR Infrastructure's consolidated net loss has doubled to Rs 217.45 crore for the quarter ended December 31, 2012, largely due to higher interest burden and marginal revenue growth.

• GMR appoints arbitrator in tussle with Maldives government

  GMR is seeking $800 million in damages after the Maldives government terminated its contract to operate the Ibrahim Nassir International Airport in Maldives.

• Male airport contract: Maldives government appoints arbitrator

  The company is seeking over $800 million from Maldives for the termination of the $511 million (Rs 2,768 crore) contract deal, but Male is insisting on a "forensic audit" as it feels the actual amount would be less than half.

• GMR seeks over $800 million compensation; Maldives insists on forensic audit

  Indian infrastructure firm GMR will seek a compensation of over $800 million from Maldives for the termination of its airport deal here but Male is insisting on a "forensic audit" as it feels the actual amount would be less than half.

• GMR seeks over USD 800 million; Maldives insists on forensic audit

  Indian infrastructure firm GMR will seek a compensation of over USD 800 million from Maldives for the termination of its airport deal here but Male is insisting on a "forensic audit" as it feels the actual amount would be less than half.

• GMR's lenders may seek $175 mn compensation from Maldives

  Lenders, led by Axis Bank, are also likely to file separately for legal arbitration proceedings to recover their dues, the sources added.

• Termination of GMR contract not to affect ties with Maldives: Government

  India today hoped that the termination of GMR's Male airport project by the Maldives government will not impact its relationship with the neighbouring country.

• Male Airport handover from GMR 'seamless': Maldives government

  The Maldivian government on Saturday described as "seamless" the retaking of the country's international airport from an Indian developer following a bitter row that triggered a spat with its neighbour.

• Male GMR Airport handover 'seamless': Maldives government

  The Maldivian government on Saturday described as "seamless" the retaking of the country's international airport from an Indian developer following a bitter row that triggered a spat with its neighbour.

• Maldives takes over airport from GMR

  At midnight, the Maldivian government took over the Ibrahim Nassir International Airport (INIA) from Indian conglomerate GMR Infrastructure, as per the directions of Singapore court. Sources told NDTV that no official from the Indian firm was present at the venue.