This case has been cited 1 times or more.
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2006-06-30 |
AZCUNA, J. |
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| As to the issue raised by PMO that the injunction issued by the lower courts violated Presidential Decree No. 385, the Court agrees with the ruling of the CA. Presidential Decree No. 385 was issued primarily to see to it that government financial institutions are not denied substantial cash inflows which are necessary to finance development projects all over the country, by large borrowers who, when they become delinquent, resort to court actions in order to prevent or delay the government's collection of their debts and loans.[66] | |||||