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Phil Rock Industries Inc vs Board of Liquidators et

PHILIPPINE ROCK INDUSTRIES, INC. petitioner, vs. BOARD OF LIQUIDATORS, as Liquidator of the defunct REPARATIONS COMMISSION, respondents.

G.R. No. 84992 | 1989-12-15

D E C I S I O N


GRIá'O-AQUINO, J.:

In its decision dated March 21, 1987 in CA-G.R. SP No. 12017, the Court of Appeals set aside the decision and order of execution pending appeal which the Regional Trial Court of Manila issued in favor of the Philippine Rock Industries (Philrock for brevity) in Civil Case No. 82-11394, authorizing the immediate execution of its decision against the funds deposited in the Philippine National Bank (PNB) of the respondent Board of Liquidators as liquidator of the defunct Reparations Commission (REPACOM for brevity).

On July 30, 1982, PHILROCK filed in the Regional Trial Court of Manila, Branch 38, a...