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                    [ArticleID] => 101494
                    [Title] => Eyco creditors poise lawsuit vs conservator committee
                    [Summary] => 

The consortium of  creditor banks of the Eyco group of companies said the
conservator committee of the bankrupt firm is acting without authority and
vowed to file a lawsuit if it continues to meddle with company funds.

This authority, the bank told the Securities and Exchange Commission (SEC), was
effectively abolished when the commission en bank issued an order last Sept.
14, 1999, dissolving and discharging all committees, conservator and receivers
created earlier by the SEC.

On the other hand, the authority of the SEC hearing panel mandated in the Sept.
14 order to act as
                    [DatePublished] => 2000-01-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 101386
                    [Title] => Eyco creditors warn conservator
                    [Summary] => 

The consortium of creditors banks of the Eyco group of companies said the
conservator committee of the bankrupt firm will be held liable if the creditors
are left without any assets to collect.

The banks led by Philippine National Bank have threatened to file criminal or
civil charges against members of the conservator committee if they continue
with their alleged illegal disbursement of company funds.

In a letter sent to conservator chairman Amado M.
                    [DatePublished] => 2000-01-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
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                    [URL] => 
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            [2] => Array
                (
                    [ArticleID] => 101378
                    [Title] => Creditors ask SEC to appoint liquidator for Eyco group
                    [Summary] => 

Creditors of the EYCO Group of Companies, the parent firm to bankrupt appliance
maker Nikon Industrial Corp., are urging the Securities and Exchange Commission
(SEC) to immediately appoint a liquidator to stop the unauthorized disbursement
of company funds.

Led by the Philippine National Bank (PNB) the creditors expressed apprehension
that while the SEC disapproved EYCO's petition for suspension of debt payments
along with its rehabilitation plan in an order dated Sept.
                    [DatePublished] => 2000-01-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 101251
                    [Title] => EYCO group asks SEC to appoint liquidator
                    [Summary] => 

The consortium of creditor-banks for the EYCO group of companies which inlcude
appliance maker Nikon Industrial Corp.
                    [DatePublished] => 2000-01-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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EYCO

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                    [ArticleID] => 101494
                    [Title] => Eyco creditors poise lawsuit vs conservator committee
                    [Summary] => 

The consortium of  creditor banks of the Eyco group of companies said the
conservator committee of the bankrupt firm is acting without authority and
vowed to file a lawsuit if it continues to meddle with company funds.

This authority, the bank told the Securities and Exchange Commission (SEC), was
effectively abolished when the commission en bank issued an order last Sept.
14, 1999, dissolving and discharging all committees, conservator and receivers
created earlier by the SEC.

On the other hand, the authority of the SEC hearing panel mandated in the Sept.
14 order to act as
                    [DatePublished] => 2000-01-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 101386
                    [Title] => Eyco creditors warn conservator
                    [Summary] => 

The consortium of creditors banks of the Eyco group of companies said the
conservator committee of the bankrupt firm will be held liable if the creditors
are left without any assets to collect.

The banks led by Philippine National Bank have threatened to file criminal or
civil charges against members of the conservator committee if they continue
with their alleged illegal disbursement of company funds.

In a letter sent to conservator chairman Amado M.
                    [DatePublished] => 2000-01-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 101378
                    [Title] => Creditors ask SEC to appoint liquidator for Eyco group
                    [Summary] => 

Creditors of the EYCO Group of Companies, the parent firm to bankrupt appliance
maker Nikon Industrial Corp., are urging the Securities and Exchange Commission
(SEC) to immediately appoint a liquidator to stop the unauthorized disbursement
of company funds.

Led by the Philippine National Bank (PNB) the creditors expressed apprehension
that while the SEC disapproved EYCO's petition for suspension of debt payments
along with its rehabilitation plan in an order dated Sept.
                    [DatePublished] => 2000-01-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 101251
                    [Title] => EYCO group asks SEC to appoint liquidator
                    [Summary] => 

The consortium of creditor-banks for the EYCO group of companies which inlcude
appliance maker Nikon Industrial Corp.
                    [DatePublished] => 2000-01-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Eyco creditors poise lawsuit vs conservator committee

By Rocel Felix | January 30, 2000 - 12:00am

The consortium of creditor banks of the Eyco group of companies said the conservator committee of the bankrupt firm is acting without authority and vowed to file a lawsuit if it continues to meddle with company...

Business

Eyco creditors warn conservator

January 20, 2000 - 12:00am

The consortium of creditors banks of the Eyco group of companies said the conservator committee of the bankrupt firm will be held liable if the creditors are left without any assets to collect. The banks led...

Business

Creditors ask SEC to appoint liquidator for Eyco group

By Rocel Felix | January 19, 2000 - 12:00am

Creditors of the EYCO Group of Companies, the parent firm to bankrupt appliance maker Nikon Industrial Corp., are urging the Securities and Exchange Commission (SEC) to immediately appoint a liquidator to stop...

Business

EYCO group asks SEC to appoint liquidator

January 8, 2000 - 12:00am

The consortium of creditor-banks for the EYCO group of companies which inlcude appliance maker Nikon Industrial Corp.

Business