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Yazaki Torres Mfg., Inc. vs. The CA, et al

YAZAKI TORRES MANUFACTURING, INC., Petitioner, versus THE COURT OF APPEALS, THE HOME DEVELOPMENT MUTUAL FUND, through its Board of Trustees, and HONORABLE ZORAYDA AMELIA C. ALONZO, in her capacity as President of the Home Development Mutual Fund, Respondents.

G.R. No. 130584 | 2006-06-27

DECISION 
 
 
SANDOVAL-GUTIERREZ, J.: 
 
This is a petition for certiorari under Rule 65 of the 1997 Rules of Civil Procedure, as amended, seeking to annul the Decision[1] of the Court of Appeals (Special Eighth Division), dated February 5, 1997, in CA-G.R. SP No. 41487 for having been issued with grave abuse of discretion. 
 
The Home Development Mutual Fund (HDMF) is the government agency tasked with the administration of the PAG-IBIG[2] Fund (Fund) created under Presidential Decree (P.D.) No. 1530, signed into law on June 11, 1978. The Fund has been intended for housing purposes to be sourced from voluntary...