ILIGAN: The Iligan City government and a liquidator acting on behalf of creditors of what was formerly the National Steel Corp. (NSC) are fighting for possession of the company after the former insisted that it acquired the firm’s assets after it failed to pay more than P4 billion in real property taxes, which the latter disputes.
According to Iligan City Administrator Dexter Sumaoy, liquidator Danilo L. Concepcion’s move to take back NSC was based on the October 7, 2011 decision of Branch 57 of the Makati Regional Trial Court (RTC) in a civil case that favored the company.
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