Metro

  Home  

  About Us  

  Contact Us 

  Subscribe     Advertise  
  Archives     Feedback  

  Register  

  Help  

  Special Report

  Top Stories

  Opinion

  World

  Weekend

  Sports

  Career Times

  Property & 
   Home

 
 
 

Sunday, June 08, 2008

 

SEC can hear GSIS petition
despite restraining order

By Likha C. Cuevas-Miel, Reporter

Despite a temporary restraining order issued by the Court of Appeals, the Government Service Insurance System (GSIS) said it still wants the Securities and Exchange Commission (SEC) to proceed with hearings on a cease-and-desist order against the management of the Manila Electric Co. (Meralco).

On the sidelines of the Anvil Business Club forum on Friday, Winston Garcia, the GSIS president and general manager, said the restraining order does not prohibit the SEC from conducting the hearings on the cease-and-desist order, and therefore, these should not have stopped.

“The TRO restrains the enforcement of the cease-and-desist order that has already been served. It is a useless TRO because you cannot restrain something that has already been done. We have already filed a motion to proceed with the hearings [before] the SEC,” Garcia added.

He said proceedings must not be restrained because the restraining order

did not bar the hearing of the petition but only that of the cease-and-desist order.

Based on the order that the appellate court issued, a status quo must be maintained for 60 days from “service of notice, restraining, enjoining and prohibiting respondents, their representatives . . . from proceeding [with] and causing the implementation of the undated SEC cease-and-desist order and the SEC show-cause order dated May 27, 2008.”

The GSIS chief also questioned the credibility of the case’s ponente, Court of Appeals Associate Justice Vicente Roxas. He moved for Roxas’ inhibition.

Garcia alleged that the associate justice has been involved in at least two administrative cases before the Supreme Court. He added that Sen. Juan Ponce Enrile has documentary evidence against alleged wrongdoings of Roxas.

Garcia and his legal team are seeking the removal of Roxas, not because he has been involved with the Lopezes, owners of Meralco, but because “this ponente has certain things to explain.”

Last week, Estrella Elamparo, the GSIS chief legal counsel, said the state pension fund has asked for the re-raffling of the case because “we heard that it did not go through the regular raffling of cases” but a special raffle was held instead. She added that GSIS had hear rumors that the ponente was “talking with some Meralco lawyers.”

The GSIS has filed a motion with the appellate court to lift the temporary restraining order. The motion reiterated the state pension fund’s stand that the SEC has jurisdiction over the case against the Meralco management.

The Makati Business Club also earned the ire of Garcia for reportedly calling the government and the GSIS as irresponsible and immature.

“The officials of this [business club] have been so consumed with hatred [for] this administration that they have lost their sense of impartiality. Before they condemn a person or institution, they should first hear the side of that institution before condemning anyone,” he said.

   
 

manilablossoms

Gift2Phil

Cheap Airline Tickets


Sponsored Links
 

Back To Top

 
 
 

Ping Oco, Franklin Bartolay
Powered by: 
The Manila Times Web Admin.

  

Home | About Us | Contact | Subscribe | Advertise | Feedback | Archives | Help

Copyright (c) 2001 The Manila Times | Terms of Service
The Manila Times Publishing Corp. All rights reserved.

Hosted by: