In a 74-page resolution by Associate Justice Minita Chico-Nazario, the high court dismissed Picop’s motion for reconsideration and said a presidential warranty signed on June 29, 1969 and issued to Picop is a mere permit or license and is not a contract or property right protected by the due process clause of the Constitution.
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SC junks Picop’s bid to continue its operation in a 75,545-ha. area (The Daily Tribune)
