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Bagatsing vs. Committee on Privatization

REPRESENTATIVE AMADO S. BAGATSING, petitioner, vs. COMMITTEE ON PRIVATIZATION, PHILIPPINE NATIONAL OIL COMPANY and THE HONORABLE EXECUTIVE SECRETARY, respondents.

G.R. No. 112399 | 1995-07-14

D E C I S I O N

QUIASON, J.:

The petition for prohibition in G.R. No. 112399 sought: (1) to nullify the bidding conducted for the sale of a block of shares constituting 40% of the capital stock (40% block) of Petron Corporation (PETRON) and the award made to Aramco Overseas Company, B.V. (ARAMCO) as the highest bidder in the bidding conducted on December 15, 1993; and (2) to stop the sale of said block of shares to ARAMCO. The Supplemental Petition in said case sought to annul the bidding of the 40% block held on December 15, 1993 and to set aside the award given to ARAMCO (Rollo, pp. 94-99).

The petition for prohibition and certiorari in G....