PTV antenna tower sale blocked anew-A A +A
Wednesday, December 4, 2013
THE Court of Appeals (CA) has maintained its decision to stop a company from taking over the People’s Television Network Inc.'s (PTNI) antenna tower and selling it as payment for P13.9-million debt.
The CA Seventh Division said New Vision in Media Marketing, Inc. (NVMMI) failed to present any fresh argument that can overturn the court’s February 15 ruling against the Pasig City Regional Trial Court’s (RTC) decision favoring the public auction.
"After a careful review of the private respondent's motion for reconsideration, we find that the issues raised therein were already comprehensively discussed and passed upon by this Court in its assailed decision. We had taken a second hard look at the said motion and decision but we found no compelling reason to reverse our previous ruling," the CA said in a two-page resolution.
The subject of levy and for execution sale was the Channel 4 transmitter (antenna tower) located at the PTV office in Broadcast Complex, Visayas Avenue, Diliman, Quezon City. PTV is a state-owned television station.
In its decision, the CA said the lower court erred in granting NVMMI’s petition because it is contrary to the terms and conditions of the compromise agreement which had been approved by the Pasig RTC branch 153.
"Based on the express provisions therein, the parties clearly intended to settle their respective obligations thru off-setting of accounts," the decision stated.
NVMMI has an option to take the case to the Supreme Court. (Sunnex)