Obligating the former Marka board of directors to return 513.5 million, half of which to the vice president

Dubai Courts obligated the former board of directors of the declared bankruptcy company, Marka, to return 513.5 million dirhams in favor of creditors.
According to the lawsuit file dated October 5, 2022, a copy of which was reviewed by the Gulf News, the Dubai Court of First Instance ruled in his presence, obligating the vice-chairman of the Board of Directors of Marka, which has been declared bankrupt, to pay the debts of the company declared bankrupt within an amount of 265.6 million dirhams. The two trustees of the company’s bankruptcy, or one of them – in their capacities and in the interest of its creditors.
The court also ruled, obligating the members of the board of directors of the company declared bankrupt to pay its debts up to an amount of 265.6 million dirhams, jointly among themselves for the company’s bankruptcy trustees – both or one of them in their capacities and for the benefit of its creditors.