High Court halts MVR 20M settlement by MIFCO

3 days ago

The High Court has ordered a halt to the enforcement of an MVR 20 million out-of-court settlement claimed by Employment Bureau Maldives Pvt. Ltd. from Maldives Industrial Fisheries Company (MIFCO), ordering a retrial in the case. Employment Bureau Maldives had filed an MVR 20 million lawsuit against MIFCO over an oil tanker it purchased from the company for MVR 800,000 at