Practice question
An objecting class would receive a likely net present value of P8 million under the plan and P5 million in liquidation. What does that establish for Section 64?
- Every condition is automatically met
- The receiver's recommendation is unnecessary
- Owners may always retain control
- The court must ignore all other requirements
- The comparative-compensation condition is supported, but other conditions still must be met
Legal references
- RA 10142, Section 64: https://lawphil.net/statutes/repacts/ra2010/ra_10142_2010.html
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