19 Jan 2012
METROPLEX BERHAD v. FERNANDO GASPER AND ANOTHER
- Citation
- METROPLEX BERHAD v. FERNANDO GASPER AND ANOTHER
- Court
- Court of Appeal
- Case number
- CACV58/2011
The appellant failed to discharge the heavy burden of proving actual or apparent bias or dereliction of duty; the liquidators' actions were reasonable and justified by the exigencies (including actions by PAGCOR, SBMA and the Philippine rehabilitation process), the regulating order remained justified given the stage of the liquidation, and the court will not disturb the judge's discretionary decision to retain the liquidators; respondent liquidators to provide creditor report and costs taxed on a common fund basis.