G.R. No. 206150 - LAND BANK OF THE PHILIPPINES, VS. FASTECH SYNERGY PHILIPPINES, INC. (FORMERLY FIRST ASIA SYSTEM TECHNOLOGY, INC.), FASTECH MICROASSEMBLY & TEST, INC., FASTECH ELECTRONIQUE, INC., AND FASTECH PROPERTIES, INC..DECISION - Supreme Court E-Library

Ruling

WHEREFORE, premises considered, the petition is hereby DISMISSED for unreliable facts and figures submitted for evaluation and study by this court, hence this court could not arrive at the feasibility that petitioners could be rehabilitated. Thus, the petition is being DISMISSED for reason that its attachments, i.e. the financial statements and balance sheets of the petitioners contained materially false and misleading facts and figures. (Section 25, (b), (3) of R.A. No. 10142). Moreover, considering that the facts and figures submitted by petitioners are unreliable and not credible, this court could not also declare that petitioners be placed under liquidation. SO ORDERED.