The GMR-Maldives case took a very important turn when a Singapore Court ruled the decision of Maldives Government as Valid. GMR-backed consortium GMIAL said that it was studying the latest verdict of the Singapore High Court which has gone in favour of the Maldives government.
“We have no comments on the order at the moment, as we are in process of evaluating the same,” a GMR spokesperson said.
Chief Justice of Singapore Sundaresh Menon said in court that the Maldives government “has the power to do what it wants, including expropriating the airport,”.
Earlier, the court had suspended the Maldives’ government’s decision to cancel the contract.
A spokesman for the Maldives president said the government would invite international tenders in about 18 months to continue with the project of the airport modernisation.
GMIAL had got a brief reprieve Monday after the High Court, which is acting as an arbitrator in the issue, stayed the decision to terminate the $500 million contract awarded to GMIAL.
The Maldivian cabinet has asked GMIAL to vacate and remove all property from the airport within 30 days.
India has made it clear that it would like to see fulfillment of all legal processes and adherence to all relevant contracts and agreements regarding compensation in $500 million GMR airport project.
The court’s ruling has come as a blow to India’s efforts to restore the GMR contract, the single largest FDI in India.
Syed Akbaruddin, the spokesperson of the external affairs ministry, said that the ministry as well as the Indian High Commission in Male are studying the judgement and its implications.
He pointed out that there are two issues in the case – the sovereign right of a nation and other legalities of the agreement, which was linked to compensation to GMR and its associates in Malaysia.
He stressed that the latter part has not been “affected or responded” in Thursday’s judgement.
“These issues are not affected with judgement or not responded to…Fulfilment of all legal process and requirement is what we want to see in this case and we hope that all relevant contracts and agreements would be adhered to and all legal process are carried through,” he said.
Amid the diplomatic spat over the unilateral cancellation of the GMR contract, India has appointed Rajeev Shahare as the new High Commissioner to the Maldives replacing incumbent D. M. Mulay.
Shahare is presently joint secretary in the West Asia North Africa (WANA) division in the Ministry of External Affairs. His appointment comes at a time when bilateral ties have dived to an all-time low over the termination of the contract awarded to the GMR-led consortium for the modernisation of the Male International Airport.
Mulay has been appointed as India’s Consul General in New York. He will be assuming charge in March 2013, sources said.
India had made it clear to the Maldives that no arbitrary or coercive measure should be taken in the GMR case pending the outcome of the legal proceedings and underlined that any such action would inevitably have adverse consequences for bilateral relations.
Amid the raging diplomatic row over the unilateral cancellation of the GMR contract, India has appointed Rajeev Shahare as the new High Commissioner to the Maldives replacing incumbent D.M. Mulay.
Shahare is presently joint secretary in the West Asia North Africa (WANA) division in the ministry of external affairs.
His appointment comes at a time when bilateral ties have dived to an all-time low over the termination of the contract awarded to the GMR-led consortium for the modernisation of the Male International Airport.
Mulay has been appointed as India’s consul general in New York. He will be assuming charge in March 2013, informed sources said.
India has made it clear to the Maldives that legal processes should be followed in resolving the GMR stalemate.
“We believe legal processes should be taken to their logical conclusion,” Syed Akbaruddin, the spokesperson of the external affairs ministry, told reporters here.
The low in Maldives also says that you can remove any property by giving the same Materiel to a person.Maldives Airport is not been captured buy a war it been lease under en agreement.I mean the Maldivian Government has be legal right.
Its a Matter of judging first the current regime is legal. I am one who gave my report C.N.I what heard the judge was from Singapore and was not attach on the report.
It was 6th February late night I was standing and watching the protest going on artificial beach what I saw was 4 high rank Police officers came gave a command to vacate the place. The police did not follow the command the answer was No Sir.
The next command came from the officers now this command comes from Mohamed Waheed Hassan Manik go an sit down at Artificial beach each of you will paid 10.000 Maldivian Rufiyya and the rest will be settle later.The Vice President cannot command above the Highest Order and the command was Unconstitutional and its a coup