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Development Bank of the Phil. vs. NLRC

DEVELOPMENT BANK OF THE PHILIPPINES, petitioner, vs. THE NATIONAL LABOR RELATIONS COMMISSION, ONG PENG, ET AL., respondents.

G.R. Nos. 100264-81 | 1993-01-29

D E C I S I O N

GUTIERREZ, JR., J p:

In this petition for certiorari, petitioner Development Bank of the Philippines (DEP) asserts its preferential right as a foreclosing creditor over private respondents' claims for separation pay against Republic Hardwood, Inc. (RHI).

On November 14, 1986, the private respondents filed with the Provincial Extension Office of the Department of Labor and Employment (DOLE) in Daet, Camarines Norte seventeen individual complaints against RHI for unpaid wages and separation pay. These complaints were thereafter endorsed to the Regional Arbitration Branch (Branch V of Legaspi City) of the National Labor...