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Note:
After the filling of the comment and other pleadings that the court
may require or after the expiration of the period for filing the same
which is 10 days from notice to the respondent, the CA
(discretionary) may give due course to the petition if it finds prima
facie that the RTC has committed an error of fact or law that would
warrant: REVERSAL or MODIFICATION OF THE APPEALED
DECISION.
Effect: the RTC loses jurisdiction over the case upon its perfection
or upon the expiration of time to appeal
Paragraph 3.