Breathe of Fresh Air
CJHDevCo. Temporarily
Gets a Breathe of Fresh Air as Court of Appeals Delayed the Group’s Departure
from Camp John Hay.
The Sobrepena group could have long been gone away from the
premises of the former U.S. military base, Camp John Hay if it were not for the
order of the Court of Appeals to delay the group’s exit.
However, the court of
appeals also ordered them to turn over the sub-lease contracts to Arnel
Casanova’s Bases Conversion Development Authority (BCDA). BCDA is slowly but
surely hideously conquering the disputed campsite once again.
Not until after the P1.4billion has been paid to Sobrepena’s
CJHDevCo., they are still privileged to stay inside Camp John Hay, at least
that’s what the arbitration paneil in February came into a conclusion with.
This also helped the sub-lessors to hinder the planned eviction and stay inside
the camp for the time being.
The arbitration reached verdict stating that both the Camp
John Hay Development Corporation (CJHDevCo.) and the BCDA each committed a
couple of blunders.
BCDA was ordered by the court to lend CJHDevCo. a hand in
processing the P1.4billion clam, a task which BCDA is quite uncomfortable to
stomach.
Instead, they put all the rents that CJHDevCo. have paid into a
special bank account without showing any signs of retrieving the money and then
hand it over to CJHDevCo. On the part of CJHDevCo., the arbitration believed
that CJHDevCo.’s inability to settle their obligations is pretty much erroneous
and may be consider as a concrete evidence against them.
CJHDevCo. however, quickly rebut and claimed
that the reason why they were unable to settle their obligations was the
government’s failure to deliver the land that they have initially agreed upon.
CJHDevCo. seemed to be extremely gratified to know that
residential sub-lessors aren’t involved in the arbitration case thus giving
them the rights to stay inside the camp. Another bright spot that CJHDevCo. sew
was the fact that they cannot be forced b Arnel Casanova and BCDA to leave Camp
John Hay before it receives the payment that it is supposed to get.
In an interview with CJHDevCo
Executive Vice-President Alfredo Yniguez, he said: "The CA decision
confirms third party homeowners are buyers in good faith and not a party to the
arbitration (and) CJHDevCohas to be paid before they
vacate. Otherwise, it's status quo,"
While Arnel Casanova used to show
up in high spirits whenever there’s any development with the year long dispute
which favors them over their counterparts, this time, Casanova appears to be
hostile in accepting the Court of Appeal’s verdict and seems to be reluctant in
gracefully accepting this temporary defeat of his.
Wednesday, August 05, 2015
|
Labels:
ABS CBN,
BCDA and CJHDevCo,
BCDA and CJHDevCo Arbitration Case,
Condo Living
|
This entry was posted on Wednesday, August 05, 2015
and is filed under
ABS CBN
,
BCDA and CJHDevCo
,
BCDA and CJHDevCo Arbitration Case
,
Condo Living
.
You can follow any responses to this entry through
the RSS 2.0 feed.
You can leave a response,
or trackback from your own site.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment