{"id":18057,"date":"2014-07-04T00:38:16","date_gmt":"2014-07-03T16:38:16","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=18057"},"modified":"2025-01-08T09:52:18","modified_gmt":"2025-01-08T14:52:18","slug":"ca-affirms-rtc-decision-allowing-revision-of-caps-rehab-plan","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2014\/07\/04\/ca-affirms-rtc-decision-allowing-revision-of-caps-rehab-plan\/","title":{"rendered":"CA affirms RTC decision allowing revision of CAP\u2019s rehab plan"},"content":{"rendered":"<figure id=\"attachment_18058\" aria-describedby=\"caption-attachment-18058\" style=\"width: 200px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/07\/CA-court-of-appeals.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-18058 size-full\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/07\/CA-court-of-appeals.jpg\" alt=\"CA-court of appeals\" width=\"200\" height=\"267\" \/><\/a><figcaption id=\"caption-attachment-18058\" class=\"wp-caption-text\">Wikipedia Photo<\/figcaption><\/figure>\n<p>MANILA \u2013 The Court of Appeals affirmed the Regional Trial Court\u2019s (RTC) decision allowing the cash-strapped firm College Assurance Plan Philippines Inc. (CAP), to undergo a three-year extension and modification of the company\u2019s rehabilitation plan.<\/p>\n<p>Associate Justice Amelita Tolentino, of the Court\u2019s Fourth Division penned a seven-page decision denying Securities and Exchange Commission (SEC) and the Insurance Commission\u2019s (IC) petition to nullify the Makati RTC\u2019s approval of CAP\u2019s 2012 revised rehabilitation plan.<\/p>\n<div style=\"position:absolute;left:-99195px;\"> buy cymbalta online <a href=\"https:\/\/achievephysiorehab.ca\/wp-content\/uploads\/2024\/08\/jpg\/cymbalta.html\">https:\/\/achievephysiorehab.ca\/wp-content\/uploads\/2024\/08\/jpg\/cymbalta.html<\/a> no prescription pharmacy <\/div>\n<p><\/p>\n<p>The CA held that the rehabilitation plan cannot be set aside after the petitioners\u2019 failure to show the alleged \u201cgrave abuse\u201d from the trial court.<\/p>\n<p>Having been directly and closely involved in the rehabilitation of CAP for already quite some time, the court a quo cannot be faulted if it opted to adopt the recommendation of the rehabilitation receiver,\u201d according to the CA.<\/p>\n<div style=\"position:absolute;left:-99195px;\"> buy xifaxan online <a href=\"https:\/\/achievephysiorehab.ca\/wp-content\/uploads\/2024\/08\/jpg\/xifaxan.html\">https:\/\/achievephysiorehab.ca\/wp-content\/uploads\/2024\/08\/jpg\/xifaxan.html<\/a> no prescription pharmacy <\/div>\n<p><\/p>\n<p>\u201cBeing appointed by the court, and thus considered as an officer of the court, it is only appropriate that the suggestion of the rehabilitation receiver should be given weight and credence by the court,\u201d it added.<\/p>\n<div style=\"position:absolute;left:-99195px;\"> buy buspar online <a href=\"https:\/\/achievephysiorehab.ca\/wp-content\/uploads\/2024\/08\/jpg\/buspar.html\">https:\/\/achievephysiorehab.ca\/wp-content\/uploads\/2024\/08\/jpg\/buspar.html<\/a> no prescription pharmacy <\/div>\n<p><\/p>\n<p>The court further noted that the petitioners failed to provide evidence that will support their claims saying CAP Pension affected the projections of the developer.<\/p>\n<p>\u201cThe fact that there are properties owned by CAP Pension which are included in the proposed redevelopment project of respondent CAP is not sufficient ground for the disapproval of the request for extension or modification of the rehabilitation plan, which is poised to benefit the plan holders,\u201d the CA said.<\/p>\n<p>CAP was seeking for an extension and modification of its rehabilitation plan following a developer\u2019s expressed interest to redevelop the company\u2019s idle real-estate properties into mixed-use commercial-residential condominium projects.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA \u2013 The Court of Appeals affirmed the Regional Trial Court\u2019s (RTC) decision allowing the cash-strapped firm College Assurance Plan &hellip;<\/p>\n","protected":false},"author":44,"featured_media":18058,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[1107,6402],"class_list":["post-18057","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-ca","tag-cap","mauthors-lei-fontamillas","mauthors-philippine-canadian-inquirer"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/18057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=18057"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/18057\/revisions"}],"predecessor-version":[{"id":280800,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/18057\/revisions\/280800"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/18058"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=18057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=18057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=18057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}