The High Court yesterday warned that it would issue a verdict in absentia in the appeal of a Civil Court order for Mahadhoo Investments to repay a Rf600 million (US$39 million) loan to Bank of Maldives if representatives of the company fail to appear for the next hearing.
Newspaper Haveeru reported that according to presiding Judge Abdulla Hameed, the last hearing on Thursday was cancelled at the company’s request and rescheduled for yesterday.
The company and its guarantors – Alifushi MP Mohamed Nashiz, brother of Dhivehi Rayyithunge Party (DRP) Leader Ahmed Thasmeen Ali, DRP MP for Mid-Henveiru Ali Azim and Ahmed Rasheed of Maafannu Rafeeguge – had appealed a Civil Court verdict ordering the company to repay the loan.
The High Court judge reportedly said yesterday that he did not wish to dismiss the case as the court had neared a verdict. If the case is rejected without a verdict, the company could file it again.
BML lawyer Mazlan Rasheed argued that the bank would face more difficulties in getting the loan payment if the court dismissed the case.