Fenaka ordered to pay MVR 7.9 million to contractor in 15 days
Fenaka did not respond to the opportunity to present its case.
Top Stories
-
Motorcyclist in police car collision had licence seized: Police
-
'Manmohan Singh played vital role in South Asia's development'
-
Maldives condemns Israeli minister’s storming of Al-Aqsa Mosque
-
Motorcyclist critically injured in collision with police car
-
Police raid ex-chief residences in RDC graft probe
Civil Court on Wednesday ordered Fenaka Corporation to pay MVR 7.9 million to LF Constructions within 15 days for goods and services provided to the state-owned utility company.
The case was filed by LF Constructions for non-payment of MVR 7.7 million for completed work and the value of goods sold. The company also sought an additional MVR 40,000 for legal costs incurred.
According to court records, LF Constructions carried out the following projects for Fenaka:
-
Construction of an office building and boundary wall in GA. Dhaandhoo (2022)
-
Construction of an office building and boundary wall in GA. Kanduhulhudhoo (2021)
-
Construction of a power plant in HDh. Finey (2019)
-
Construction of a day tank area, main tank, and chimney in HDh. Hirimaradhoo (2022)
-
Unfinished works in L. Hithadhoo office building (2022)
-
M. Dhigurah power station boundary wall (2022)
-
Unfinished works for the N. Holhudhoo office building (2022)
-
Construction of a power plant in GA. Kondey (2021)
-
R. Meedhoo power station enclosure (2021)
-
Construction of office buildings and a power plant in Sh. Maaungoodhoo (2021)
-
Construction of a power plant in Th. Omadhoo (2019)
Judge Aishath Azfa Abdul Ghafoor issued the ruling in absentia as Fenaka Corporation did not respond to the opportunity to present its case. The judge ordered Fenaka to settle the payment within 15 days.
Fenaka Corporation’s total debt is reported to be approximately MVR 4 billion. Efforts to address the company’s financial difficulties included a plan to transfer its operations to the State Trading Organisation (STO), but the decision was later reversed.
Multiple debt-related cases against Fenaka are currently pending in the Civil Court. These include agreements made during the administrations of former President Ibrahim Mohamed Solih and former President Abdulla Yameen.
