Practice question
Under SRC Section 64.3, what happens if the Commission fails to resolve the lifting request within the prescribed time?
- The respondent is automatically convicted
- The respondent loses all property
- The cease and desist order is automatically lifted
- The order automatically becomes a Supreme Court judgment
- The right to be heard disappears
Legal references
- SEC v. CJH Development Corp., G.R. No. 210316, November 28, 2016, main decision: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/1/62616; finality discussion and SRC Section 64.3.
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