The High Court of Singapore on November 19 has dismissed the application filed by Maldives Airports Company Ltd seeking vacation of the injunctive order granted in favour of GMR Male International Airport Private Ltd (GMIAL) on July 23, 2012, and made absolute the injunctive relief granted in favour of GMIAL, said a company press release.
Earlier also the High Court of Singapore on July 23, had 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, as per MACL’s January 5, 2012 letter, which is now referred to arbitration.
MACL approached the High Court of Singapore in October 2012, to get the injunction vacated.
Now, the dispute raised by MACL on the validity of the January 5, 2012 letter will be decided in the arbitration proceedings to be held in Singapore, a company press note added.