Practice question
A receiver never convenes creditors to vote but submits their opposition papers with a plan and asks the court to exercise cram-down. Apply the procedural holding of BDO v. International Copra.
Legal references
- RA 10142 (FRIA), Sections 4, 7, 9, 17-18, 31-35, 64-70 and 115-121: https://lawphil.net/statutes/repacts/ra2010/ra_10142_2010.html
- Banco de Oro Unibank, Inc. v. International Copra Export Corporation, G.R. Nos. 218485-86 and 218493-97 et al., April 28, 2021, main decision: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/1/67377
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