Meridium ordered to pay MVR 19 million to STO

1 month ago

The High Court has ordered Meridium Service Private Limited to settle MVR 19 million in payments due to State Trading Organization (STO) for purchase of fuel. STO had originally lost the lawsuit it filed against Meridium over the unsettled payments in 2016 over lack of proof Meridium had purchased the fuel from the organization. The Civil Court’s decision was later appealed by