With failure to repay loan, Civil Court orders sale of Dholhiyadhoo

Civil Court has ordered today for the island of Dholhiyadhoo in Shaviyani atoll to be sold following failure to repay a loan taken from State Bank of India.

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The island of Dholhiyadhoo, Shaviyani Atoll.

Mariyath Mohamed

2024-09-01 15:21:23

Civil Court has ordered today for the island of Dholhiyadhoo in Shaviyani atoll to be sold following failure to repay a loan taken from State Bank of India.

The court's ruling states that as of August 12, there are unpaid loans of Dholhiyadhoo Investment Pvt Ltd from 2014 worth USD 13.4 million and 149.3 million.

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