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Juanito A. Garcia, et al. Vs. Philippine Airlines, inc. [SEPARATE OPINION]

JUANITO A. GARCIA and ALBERTO J. DUMAGO, Petitioners, versus PHILIPPINE AIRLINES, INC., Respondent.

G.R. No. 164856 | 2009-01-20

SEPARATE OPINION 


QUISUMBING, J.: 

From this Court's Decision[1] dated August 29, 2007, which ordered the suspension of the proceedings in this case, respondent Philippine Airlines, Inc. (PAL) filed a Manifestation and Compliance[2] on November 13, 2007 containing an Order[3] dated September 28, 2007, from the Securities and Exchange Commission (SEC) granting its request to exit from the rehabilitation proceedings. 

In a letter dated September 14, 2007, the members of the Permanent Rehabilitation Receiver (PRR) recommended PAL's exit from rehabilitation "because the same is feasible based on the corporation's improved financial...