[Maldives] Pay up: GMR seeks $803 mn from Maldives for termination of airport contract

GMR Male International Airport Private Limited (GMIAL), a subsidiary of GMR Infrastructure, has claimed $803 million (around Rs 4,987 crore) from the Maldivian government for 'wrongfully' terminating the international airport contract in that country's capital.

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.
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