HOME PAGE ABOUT US CONTACT US SUBSCRIBE ADVERTISE ARCHIVES
TOP STORIES NATION ECONOMY COMPANIES SHIPPING OPINION PERSPECTIVE LIFE SPORTS BANKING
SEARCH ENGINE
WWWOur Site
Anchored by Jonathan dela Cruz, Salvador Escudero, Boying Remulla, Teddy Boy Locsin and Alvin Capino
Monday to Friday
8:00pm-10:00pm

ARTICLE SERVICES
  • bookmark this page
  • print this article
  • view archive
  • RCBC trades barbs in court with Liberty
     
    By Lenie Lectura
    Reporter

    Rizal Commercial Banking Corp. (RCBC) on Friday asked the  Regional Trial Court (RTC) in Makati to deny the motion to expunge from the records the “sham pleadings” and motion to quash subpoena filed by Liberty Telecom Holdings Inc. and its subsidiaries Liberty Broadcasting Network Inc. and Skyphone Logistics Inc. for being unverified.

    The bank said Liberty Telecoms’ claims are misleading, and too unsubstantial, and thus undeserving of the court’s consideration.

    The motions filed by RCBC need not be verified, said the bank, because there is nothing in the interim rules of procedure on corporation rehab that mandates the verification requirement to be jurisdictional. It also said that verification even in initial pleadings is only a formal requirement.

    “Petitioner’s general and deliberately evasive sweeping claim that verification is allegedly jurisdictional is glaring erroneous and, in fact, misleading,” RCBC said.

    It added: “Verification is a formal, not jurisdictional, requisite. Verification is mainly intended to secure and assurance that the allegations made are done in good faith or are true and correct and not mere speculation.”

    Liberty had said that RCBC’s motion is a “sham pleading” because there is no proof that the National Telecommunications Commission has granted and allocated the 700-MHz frequency spectrum from Liberty Broadband to Smart Broadband Inc., the wireless broadband unit of Smart Communications Inc.

    But RCBC said since Liberty was already aware of Smart Broadband’s application, it should have “move heaven and earth” to secure and ensure that its frequency spectrum is not in any way compromised.

    “Petitioners did not inform the court that that their frequency is being threatened by [Smart Broadband’s] application,” said RCBC.

    OTHER STORIES

    Unstoppable! Fuel, LPG prices go up


    Poor to need extra P2,269 a year on oil


    JFC against Epira changes


    Lopezes, allies ‘untouchable’ at Meralco


    Napocor denies First Gas claims


    Abductions have no place in democracy


    Bayan launches cell service after many stops and starts


    HP laptop adds to mini-notebook fray


    San Miguel in talks with groups for mine venture


    Creba hits moratorium on land conversion


    AEDC asks SC to reverse rule on T3


    RCBC trades barbs in court with Liberty