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JAAH ordered to repay loan to Mauritius Commercial Bank

Aug 3, 2025, 9:23 AM

The Civil Court has ordered JAAH company to repay a loan to the Mauritius Commercial Bank (MCB) within a month.

The company mortgaged two properties of its shareholders to get a short-term loan facility. The outstanding amount, including interest and penalties, stood at USD 43,101.68 by July 2.

JAAH company mortgaged Henveiru Nibooge, Maafannu Kaseedhaage and its stock-in-trade. The bank has requested permission to sell the mortgage.

The ruling was delivered in the absence of JAAH company. The court ordered the company to pay USD 43,101 in unpaid loans and MVR 25,951.67 in court costs.

Civil Court

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