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Lirag Textile Mills Inc., vs. Reparations Commissions

LIRAG TEXTILE MILLS, INC., plaintiff-appellant, vs. REPARATIONS COMMISSIONS, defendant-appellee.

G.R. No. L-22768 | 1977-10-28

D E C I S I O N

CASTRO, J:

Appellant seeks reversal of the judgment of the Court of First Instance of Manila (dated February 22, 1964 in civil case 54832) which reads:

"IN VIEW OF THE FOREGOING CONSIDERATIONS, judgment is hereby rendered in favor of defendant and against the plaintiff declaring that, pursuant to Presidential directive dated March 28, 1963, payments to the defendant Reparations Commission for the reparations goods allocated to the plaintiff shall be subject to, and be based upon, the free market rate of exchange . . ."

In its complaint for declaratory relief filed by the Lirag Textile Mills, Inc. (hereinafter referred...