Company
Solaris Hospitality Private Limited
In the news, last 90 days
Justice
Court suspends HDC eviction of Riveli Beach Club
The Civil Court has temporarily suspended the Housing Development Corporation's order to evict Riveli Beach Club and Restaurant in Hulhumalé, allowing the business to operate pending a final ruling. HDC says it terminated the land agreement over prolonged rental arrears, with the restaurant reportedly owing approximately MVR 5 million in rent.
Justice
Court orders no action to interrupt Riveli operations
The Civil Court has ordered Housing Development Corporation (HDC) to halt a notice terminating its agreement with Solaris Hospitality Private Limited over the plot housing Riveli Beach Club and Restaurant, and to restore operations if they were stopped. HDC says the agreement was terminated for long-overdue rent, with an official stating Solaris owes approximately MVR five million.
Justice
Interim order halting HDC’s repossession of Riveli Restaurant plot
The Civil Court on Monday issued an interim order barring the Housing Development Corporation from taking actions that could stop Riveli Beach Club and Restaurant in Hulhumalé from operating, and directing it to reverse measures already taken. On the same day, HDC announced it had terminated its commercial agreement with Solaris Hospitality Private Limited over unpaid rent and repossessed Hulhumalé Lot No. 10877.
Economy
HDC reclaims Riveli Beach Restaurant land over unpaid rent
Housing Development Corporation (HDC) has repossessed the land occupied by Riveli Beach Club and Restaurant in Hulhumale' after a prolonged period of unpaid rent, terminating its commercial agreement with Solaris Hospitality Private Limited. HDC announced that effective Monday all commercial transactions and services on the premises are prohibited, without disclosing the total outstanding arrears.
Economy
HDC orders closure of Riveli Restaurant in Hulhumalé over MVR 5 million in unpaid rent
HDC terminated its commercial agreement with Solaris Hospitality Private Limited, operator of Riveli Beach Club & Restaurant in Hulhumalé, citing approximately MVR 5 million in unpaid rent and unfulfilled CSR commitments. The termination took effect on Monday, 2 November, returning the land at Ruggandu 1 to HDC's control.
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