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Prudential Guarantee and Assurance Inc. vs. Trans-asia Shipping Lines, Inc., 491 SCRA 411

PRUDENTIAL GUARANTEE and ASSURANCE INC., Petitioner, versus TRANS-ASIA SHIPPING LINES, INC., Respondent.

G.R. No. 151890 | 2006-06-20

FIRST DIVISION

D E C I S I O N 

CHICO-NAZARIO, J: 

This is a consolidation of two separate Petitions for Review on Certiorari filed by petitioner Prudential Guarantee and Assurance, Inc. (PRUDENTIAL) in G.R. No. 151890 and Trans-Asia Shipping Lines, Inc. (TRANS-ASIA) in G.R. No. 151991, assailing the Decision[1] dated 6 November 2001 of the Court of Appeals in CA G.R. CV No. 68278, which reversed the Judgment[2] dated 6 June 2000 of the Regional Trial Court (RTC), Branch 13, Cebu City in Civil Case No. CEB-20709. The 29 January 2002 Resolution[3] of the Court of Appeals, denying PRUDENTIAL's Motion for Reconsideration and...