Speaking to Haveeru Managing Director Mohamed Ibrahim detailed that the only solution to the issue with the concession fee payable by GMR can be achieved once the Civil Court makes a ruling in the case filed over the matter. “That case has been delayed due to the case filed at the Singapore Arbitration Centre by GMR. The second hearing of the case in Singapore will be held on November 14. A result can only be obtained once these cases are concluded,” he explained. MD added that every passing day is a loss to the company until the cases come to an end. “At present each day is a major loss to us. As a result it is quite possible that we may have to pay around USD6 million to GMR at the end of the year,” Mohamed Ibrahim said. GMR had asked MACL to pay USD2.2 million as Airport Development Charge (ADC) and insurance surcharge for the past three months on Wednesday. In a press statement, MACL detailed that instead of the USD5,209,120 owed by GMR for the third quarter of this year, the Indian company should receive USD7,450,778 as ADC and insurance surcharge. MACL had stated that GMR had been deducting USD27 from each passenger since January after former MACL Chairman Ibrahim ‘Bandhu’ Saleem had issued a signed consent letter to GMR to deduct the USD27 from the concession fee paid by the company to MACL. Mohamed Ibrahim revealed that though GMR had been informed that former Chairman’s letter had been declared null and void, the company had failed to act on it. MD noted that the losses incurred due to the agreement with GMR had severely hindered the functioning of MACL. On that note, Mohamed Ibrahim said the company “is in a precarious situation.” Including the USD1.5 million as difference of the second and third quarters, GMR had ordered MACL to pay a total of USD3.7 million.