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Iron and Steel Authority vs Court of Appeals 249 SCRA 538

IRON AND STEEL AUTHORITY, petitioner, vs. THE COURT OF APPEALS and MARIA CRISTINA FERTILIZER CORPORATION, respondents.

G.R. No. 102976 | 1995-10-25

D E C I S I O N 


FELICIANO, J.: 

Petitioner Iron and Steel Authority ("ISA") was created by Presidential Decree (P.D.) No. 272 dated 9 August 1973 in order, generally, to develop and promote the iron and steel industry in the Philippines. The objectives of the ISA are spelled out in the following terms: 

"Sec. 2. Objectives. - The Authority shall have the following objectives: 

(a) to strengthen the iron and steel industry of the Philippines and to expand the domestic and export markets for the products of the industry; 

(b) to promote the consolidation, integration and rationalization of the industry in order to...