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Loadstar Shipping Co vs. Court of Appeals and Manila Insurance Co.

LOADSTAR SHIPPING CO., INC., petitioner, vs. COURT OF APPEALS and THE MANILA INSURANCE CO., INC., respondents.

G.R. No. 131621 | 1999-09-28

D E C I S I O N


DAVIDE, JR., C.J.:

Petitioner Loadstar Shipping Co., Inc. (hereafter LOADSTAR), in this petition for review on certiorari under Rule 45 of the 1997 Rules of Civil Procedure, seeks to reverse and set aside the following: (a) the 30 January 1997 decision1 [Rollo, 58.] of the Court of Appeals in CA-G.R. CV No. 36401, which affirmed the decision of 4 October 19912 [Ibid., 58-59.] of the Regional Trial Court of Manila, Branch 16, in CivilCase No. 85-29110, ordering LOADSTAR to pay private respondent Manila Insurance Co. (hereafter MIC) the amount of P6,067,178, with legal interest from the filing of the complaint until fully paid,...