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Carlos De Castro vs. Liberty Broadcasting Network, Inc. and Edgardo Quiogue

CARLOS DE CASTRO, Petitioner, vs. LIBERTY BROADCASTING NETWORK, INC. and EDGARDO QUIOGUE, Respondents

G.R. No. 165153 | 2010-08-25

R E S O L U T I O N


BRION, J.:

The respondent, Liberty Broadcasting Network, Inc. (LBNI), filed the present Motion for Reconsideration with Motion to Suspend Proceedings, asking us, first, to set aside our Decision[1] and, second, to suspend the court proceedings in view of the Stay Order issued on August 19, 2005 by the Regional Trial Court (RTC) of Makati, Branch 138, in relation to the corporate rehabilitation proceedings that LBNI initiated.

The dispositive part of our Decision reads:

WHEREFORE, premises considered, we hereby GRANT the petition. Accordingly, we REVERSE and SET ASIDE the Decision and Resolution of the CA...