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CENTRAL BANK OF PHILIPPINES v. RAFAEL DE LA CRUZ

This case has been cited 2 times or more.

2006-09-08
YNARES-SANTIAGO, J.
In Central Bank of the Philippines v. De la Cruz,[24] we held that the actions of the Monetary Board in proceedings on insolvency are explicitly declared by law to be "final and executory." They may not be set aside, or restrained, or enjoined by the courts, except upon "convincing proof that the action is plainly arbitrary and made in bad faith.
2006-07-21
CARPIO MORALES, J.
The trial court issued the writ of preliminary injunction, which is interlocutory, to preserve the threatened or continuous irremediable injury to petitioner before its claims could be thoroughly studied and adjudicated.[35] It was issued to maintain the status quo and can not, therefore, be used to transfer the possession or control of the thing to a party who did not have such possession or control at the inception of the case.[36]