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Paramount Insurance Corporation, Petitioner, Vs. Court Of Appeals And Dagupan Electric Corporation, Respondents.

PARAMOUNT INSURANCE CORPORATION, petitioner, vs. COURT OF APPEALS and DAGUPAN ELECTRIC CORPORATION, respondents.

G.R. No. 110086 | 1999-07-19

D E C I S I O N

YNARES-SANTIAGO, J.:

Before this Court is a petition for review on certiorari assailing the Decision of the Court of Appeals dated April 30, 1993 in CA-G.R. CV No. 11970 which dismissed petitioner Paramount Insurance Corporation's (PARAMOUNT) appeal, thereby affirming the decision of the court a quo finding petitioner liable on its injunction bond.

McAdore Finance and Investment, Inc. (McADORE) was the owner and operator of the McAdore International Palace Hotel in Dagupan City. Private respondent Dagupan Electric Corporation (DECORP), on the other hand, was the grantee of a franchise to operate and maintain electric...