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SEGOVIA DEVELOPMENT Corp vs. and J. L. DUMATOL REALTY and DEVELOPMENT Corp

SEGOVIA DEVELOPMENT CORPORATION, petitioner, vs. and J. L. DUMATOL REALTY and DEVELOPMENT CORPORATION, respondent.

G.R. No. 141283 | 2001-08-30

D E C I S I O N

BELLOSILLO, J.:

This is a Petition for Review on Certiorari under Rule 45 seeking the reversal and nullification of the Decision of the Court of Appeals[1] and the reinstatement and affirmance in toto of the decision of the Office of the President, as well as the nullification and reversal of the Resolution of the appellate court which denied its Motion for Reconsideration.

Petitioner SEGOVIA DEVELOPMENT CORPORATION (SEGOVIA for brevity) and respondent J. L. DUMATOL REALTY AND DEVELOPMENT CORPORATION (DUMATOL for brevity) are domestic corporations engaged in the business of real estate development.

On 2 March 1989...