This case has been cited 2 times or more.
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2011-06-01 |
NACHURA, J. |
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| Banks are entities engaged in the lending of funds obtained through deposits from the public. They borrow the public's excess money and lend out the same. Banks, therefore, redistribute wealth in the economy by channeling idle savings to profitable investments.[58] Banks operate (and earn income) by extending credit facilities financed primarily by deposits from the public. They plough back the bulk of said deposits into the economy in the form of loans. Since banks deal with the public's money, their viability depends largely on their ability to return those deposits on demand. For this reason, banking is undeniably imbued with public interest. Consequently, much importance is given to sound lending practices and good corporate governance.[59] | |||||
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2009-01-20 |
PUNO, C.J. |
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| Under the Interim Rules of Procedure on Corporate Rehabilitation, a stay order defers all actions or claims against the corporation seeking rehabilitation from the date of its issuance until the dismissal of the petition or termination of the rehabilitation proceedings.[22] | |||||