Back

National Development Company Vs. Madrigal Wan Hai Lines Corporation.

NATIONAL DEVELOPMENT COMPANY, petitioner, vs. MADRIGAL WAN HAI LINES CORPORATION, respondent.

G.R. No. 148332 | 2003-09-30

D E C I S I O N

SANDOVAL-GUTIERREZ, J.:

Before us is a petition for review on certiorari[1] assailing the Decision of the Court of Appeals dated May 21, 2001 in CA-G.R. CV No. 66026, affirming with modification the Decision dated August 6, 1999 of the Regional Trial Court, Branch 62, Makati City, in Civil Case No. 96-558 for sum of money and damages.

The factual antecedents are:

The National Development Company, petitioner, is a government-owned and controlled corporation created and existing under Commonwealth Act No. 182, as amended by Presidential Decree No. 1648. The National Shipping Corporation of the Philippines (NSCP) is a...