Power Sector Assets and Liabilities Management Corp. v. Commission on Audit
This is a civil case where Power Sector Assets and Liabilities Management Corporation (PSALM) and its officers and employees questioned the authority of the Commission on Audit (COA) to investigate their performance and compensation. The Supreme Court did not give due course to the petition but required the COA to comment on the issue within ten days from notice. The legal issue revolves around the scope of COA's authority to audit and investigate PSALM's performance and compensation, particularly whether it extends to the examination of the legality and validity of the actions taken by the PSALM Board of Directors.
ADVERTISEMENT
EN BANC
[G.R. No. 205490. February 19, 2013.]
POWER SECTOR ASSETS AND LIABILITIES MANAGEMENT CORPORATION, REPRESENTED BY MR. EMMANUEL R. LEDESMA, JR., IN HIS CAPACITY AS PRESIDENT AND CHIEF EXECUTIVE OFFICER, AND THE CONCERNED AND AFFECTED OFFICERS AND EMPLOYEES OF PSALM, petitioner, vs. COMMISSION ON AUDIT, respondent.
NOTICE
Sirs/Mesdames :
Please take notice that the Court en banc issued a Resolution dated FEBRUARY 19, 2013, which reads as follows:
"G.R. No. 205490(Power Sector Assets and Liabilities Management Corporation, represented by Mr. Emmanuel R. Ledesma, Jr., in his capacity as President and Chief Executive Officer, and the concerned and affected Officers and Employees of PSALM vs. Commission on Audit). — Acting on the Petition for Certiorari and Prohibition for Certiorari (with Urgent Prayer for Issuance of a Status Quo Ante Order or Temporary Restraining Order and/or Writ of Preliminary Mandatory Injunction), the Court Resolved, without giving due course to the petition, to require the respondent to COMMENT thereon within ten (10) days from notice hereof." (adv63) caHIAS
Very truly yours,
(SGD.) ENRIQUETA E. VIDALClerk of Court
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