Civil Court dismisses case lodged to halt Palm Beach Resort auction

The Civil Court on Monday dismissed a lawsuit filed by Palm Beach Resort seeking to halt its auction by the State Bank of India (SBI).

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Palm Beach Resort and Spa, in Lhaviyani Atoll. PHOTO: MIHAARU FILES

Fathmath Shaahunaz

2020-12-02 12:12:12

The Civil Court on Monday dismissed a lawsuit filed by Palm Beach Resort seeking to halt its auction by the State Bank of India (SBI).

Palm Beach Resort, located in Lhaviyani Atoll, was mortgaged to SBI for a loan taken by Guardian Agency Pvt Ltd and Monaza Construction Pvt Ltd.

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