The East Mediterranean Gas Company lost its appeal of a 2016 court ruling that held the company fully responsible for the repayment of its $174 million debt to the National Bank, Al Ahram Online reports.

The ruling by the Court of Cassation is not subject to appeal.

While rejecting the appeal of the East Mediterranean Gas Company, the court will hear the appeal of Egypt Insurance Company.

The East Mediterranean Gas Company and Egypt Insurance Company were parties to a natural gas export arrangement with Israel from 2005. Egypt Insurance Company acted as the guarantor for the East Mediterranean Gas Company for issues arising from terrorism or political violence, Al Ahram Online reports.

The East Mediterranean Gas Company was previously run by Hussein Salem. The company’s activities were suspended before last year’s court ruling.