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[ G.R. No. 129592. August 16, 1999]

LUZON BAG CORP. vs. NLRC, et al.

FIRST DIVISION

Gentlemen:

Quoted hereunder, for your information, is a resolution of this Court dated AUG 16, 1999.

G.R. No. 129592 (Luzon Bag Corporation vs. National Labor Relations Commission, et al.)

Acting on the inquiry of Eduardo Lopez, Jr., President of Luzon Bag Cooperative Workers Union relative to the release of the P1,000,000.00 bond posted by petitioner to stay the execution of the Order dated January 31, 1997 and the resolution dated May 16, 1997 in NLRC SUB-RAB III-11-6650-95 (NCR CA No. 11177-96 entitled "Eduardo Lopez, Jr., et al. vs. Luzon Bag Corporation") and considering that the petition for certiorari in this case was dismissed on February 23, 1998 and after an entry of judgment was made on April 13, 1998, Labor Arbiter Dominador B. Saludares issued an Order dated June 18, 1998 for the release to the National Labor Relations Commission, through Sheriff Numeriano Reyes and/or Antonio Datu, the bond of P1,000,000.00 to partially satisfy the monetary judgment award in this case, the Court Resolve to DIRECT the SC Chief, Financial Management and Budget Office, to RELEASE to the National Labor Relations Commission, through Sheriff Numeriano Reyes and/or Antonio Datu, the aforesaid cash bond in the amount of P1,000,000.00 for the purpose above-mentioned, within five (5) days from notice."

Very truly yours,

(Sgd.) VIRGINIA ANCHETA-SORIANO
Clerk of Court

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