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Philippine Asset vs. Fastech Synergy

PHILIPPINE ASSET GROWTH TWO, INC. (Successor-In-Interest of Planters Development Bank) and PLANTERS DEVELOPMENT BANK, Petitioners, vs. FASTECH SYNERGY PHILIPPINES, INC. (Formerly First Asia System Technology, Inc.), FASTECH MICROASSEMBLY & TEST, INC., FASTECH ELECTRONIQUE, INC., and FASTECH PROPERTIES, INC., Respondents. Present: SERENO, C.J., Chairperson, LEONARDO-DE CASTRO, BERSAMIN, PERLAS-BERNABE, and CAGUIOA, JJ.

G.R. No. 206528 | 2016-06-28

DECISION
 
PERLAS-BERNABE, J.:
 
For the Court's resolution is a petition for review on certiorari1 assailing the Decision2 dated September 28, 2012 and the Resolution3 dated March 5, 2013 of the Court of Appeals (CA) in CA-G.R. SP No. 122836 which:
 
(a) approved the Rehabilitation Plan4 of respondents Fastech Synergy Philippines, Inc. (formerly First Asia System Technology, Inc.) (Fastech Synergy), Fastech Microassembly & Test, Inc. (Fastech Microassembly), Fastech Electronique, Inc. (Fastech Electronique), and F astech Properties, Inc. (Fastech Properties; collectively, respondents);
 
(b) enjoined petitioner...