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Thndr Claps » EGY Claps » EGX 🔔 » Court Defers Lawsuit Against Madinet Nasr Housing…Again⚖

Court Defers Lawsuit Against Madinet Nasr Housing…Again⚖

by Shams Abbas
January 3, 2022

Madinet Nasr Housing (MNHD) stated that the court has deferred (again) a lawsuit filed by National Real Estate Bank (NRPD) against MNHD to March 6th, 2022.

Backstory🔙 NRPD filed a lawsuit against MNHD for EGP 24.8 million to get its mortgage matures for establishing 32 residential buildings in Sixth of October City.

Why is this Important🤔 The lawsuit was filed early in 2021, & was deferred six times since then. The most recent deferral postponed it for an additional three months after it was scheduled to be held on December 30th, 2021.

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