This case has been cited 1 times or more.
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2015-11-23 |
LEONEN, J. |
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| This court, in the recent case of Lexber, Inc. v. Spouses Dalman,[124] held that the lapse of the periods provided for under Rule 4, Section 11 of the Interim Rules does not automatically result in the dismissal of the petition for corporate rehabilitation.[125] This is in line with the liberal construction given to the rules governing corporate rehabilitation:However, while the general rule in statutory construction is that the words "shall," "must," "ought," or "should" are of mandatory character in common parlance, it is also well-recognized in law and equity that this is not an absolute rule or inflexible criterion. | |||||