High court junks gov’t claim to defunct bus line’s assets By Benjamin B. Pulta 03/08/2012

High court junks gov’t claim to defunct bus line’s assets

By Benjamin B. Pulta 03/08/2012

The Supreme Court (SC) has denied a petition filed by the government’s Privatization and Management Office’s (PMO’s) claim to the assets of the defunct Pantranco North Express Inc. (PNEI) bus line which closed shop in 1993.

In its decision, the high court through Associate Justice Martin Villarama Jr. said “the CA did not err in dismissing the petition” of the PMO, a government agency which took over the functions of the Asset Privatization Trust (APT).

PMO had taken the case to the SC to question the ruling of the CA which had ruled against the government’s claim to the defunct bus line’s assets in a case involving the bus line’s former employees who had won a labor dispute..... MORE

Source:  The Daily Tribune

URL: http://www.tribuneonline.org/metro/20120308met1.html