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Republic Glass vs Qua

REPUBLIC GLASS CORPORATION and GERVEL, INC., Petitioners, LAWRENCE C. QUA, Respondent.

G.R. No. 144413 | 2004-07-30

DECISION




CARPIO, J.:





The Case






Before the Court is a petition for review[1] assailing the 6 March 2000 Decision[2] and the 26 July 2000 Resolution of the Court of Appeals in CA-G.R. CV No. 54737. The Court of Appeals set aside the Order[3] of 3 May 1996 of the Regional Trial Court of Makati, Branch 63 ("RTC-Branch 63"), in Civil Case No. 88-2643 and reinstated the Decision[4] of 12 January 1996 in respondent's favor.




The Facts


Petitioners Republic Glass Corporation ("RGC") and Gervel, Inc. ("Gervel") together with respondent Lawrence C. Qua ("Qua") were stockholders of Ladtek, Inc. ("Ladtek"). Ladtek obtained loans...