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Phil Veterans Bank vs Hon Ca?izarez and Dr Molina

PHILIPPINE VETERANS BANK, petitioner, vs. HONORABLE NATIONAL LABOR RELATIONS COMMISSION, HON. POTENCIANO CA?IZARES, JR., and DR. TEODORICO V. MOLINA, respondents.

G.R. No. 130439 | 1999-10-26

D E C I S I O N


DAVIDE, JR., C.J.:

In this petition for certiorari under Rule 65 of the Rules of Court, petitioner seeks to set aside the resolution1 [Original Record (OR), 301-307; Rollo, 92-102. Per Veloso, V., Comm., Carale, B. and Quimpo, A., Comms., concurring.] of the National Labor Relations Commission (NLRC) in NLRC Case No. 05-02940-91 and its order2 [OR, 336-337; Rollo, 112-113.] denying the motion for reconsideration thereof.

In 1983, petitioner Philippine Veterans Bank was placed under receivership by the Central Bank (now Bangko Sentral)3 [Republic Act No. 7653 (The New Central Bank Act), which became effective on 24...