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NIDC vs. Batjak: Voting Trust Dispute by Kikoy Ilagan is a document available to read on EtoBox.

What is NIDC vs. Batjak: Voting Trust Dispute about?

1) Batjak Inc. took loans from Philippine National Bank (PNB) and its subsidiary National Investment and Development Corporation (NIDC) and used its three coconut oil mills as collateral. Batjak became insolvent and failed to pay back the loans so PNB foreclosed on the mortgages and acquired ownership of the mills. 2) Batjak sued, arguing that under a voting trust agreement, NIDC was constituted as trustee of Batjak

Author

Kikoy Ilagan

Language

EN