The Civil Court on Sunday, March 16th, ruled in favor of Housing Development Corporation (HDC) in its lawsuit with Sea Life Global Inc Private Limited.
HDC and Sea Life Global entered into an agreement, with the latter contracted to deliver fully developed apartment units at Hulhumale'. Later, HDC terminated the contract citing breach of contractual obligations by Sea Life.
The parties entered into the agreement on March 13, 2014 for the development of 3,000 apartment units. 
Sea Life Global however did not go ahead with the project despite acquiring monies from multiple different parties - specifically through pre-sale of the apartments to buyers.
HDC terminated its contract with Sea Life on December 24, 2018.
Sea Life initially sued HDC, seeking a wrongful contractual termination, which was filed at the Civil Court's Hulhumale' division. The contractor was seeking damages for the apparent wrongful termination.
Civil Court in its hearing on Sunday, ruled in favor of HDC stating the company was not liable to pay any damages for the contractual termination.
Sea Life Global had acquired a significant sum from several potential buyers under the pretext of apartment booking fees; which required prospective buyers to furnish MVR 50,000 along with an additional down payment.
After more than 200 civil litigants sought a class action lawsuit against the state, HDC came to the solution of providing a collective money compensation of MVR 45 million to the claimants as well as provide them opportunities to buy apartments from government-backed housing initiatives.
Former HDC Managing Director, Ibrahim Fazul Rasheed had previously in March last year, confirmed the claimants had received flats from either Hiyaa social housing or Vinares towers. The claimants reportedly received 60 of unassigned Hiyaa flats and 130 Vinares flats earmarked for the them.
Sea Life Global's Managing Director Ahmed Moosa Mohamed faces 42 charges in the graft, and could be looking at a 65-jail-term if convicted.