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5. Likewise, according to Section 6 of the 2011 NLRC Rules of Procedure and as illustrated
in the case of University Plans Incorporated vs. Belinda P. Solano, G. R. No 170416,
June 22, 2011, this Honorable Office has the discretion to reduce bond based only on
meritorious grounds;
6. As of this time, the respondent and his business are going through great financial
difficulties, and most of his personal money had already been used as additional capital
for his business. Also, his business gross income is only sufficient to cover the expenses
of operations, and nothing left to be considered as profit. Due to these circumstances, the
respondent will not be able to comply with the full amount equivalent to the total
monetary award issued by the Labor Arbiter.
7. However, the respondent has attached a deposit/surety bond amounting to thirty five
thousand pesos (P35,000), which is more or less 10% of the total amount of the bond, to
show the respondents willingness to comply with the legal requirement and good faith
on his part.
PRAYER
WHEREFORE, premises considered, it is respectfully prayed for this Honorable Office
to allow the reduction of the bond to (P35,000) and accept the deposit/surety bond of such an
amount attached to this motion, and to consider the appeal perfected in view of the partial
compliance with the legal requirements. It is further prayed that the appeal be adjudicated by this
Honorable Office based on its merits.
Other reliefs that are just and equitable under the circumstances are likewise prayed for.
Puerto Princesa City, for Calamba City, Laguna, August 11, 2014.