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Siain Enterprises, Inc. vs. F.F. Cruz & Co., Inc.

SIAIN ENTERPRISES, INC., Petitioner, versus F.F. CRUZ & CO., INC., Respondent.

G.R. No. 146616 | 2006-08-31

THIRD DIVISION
 
D E C I S I O N 
 
CARPIO MORALES, J.: 
 
Western Visayas Industrial Corporation (WESVICO) filed on September 18, 1973 a foreshore lease application over the foreshore land adjacent to certain lots registered in its name, located in Loboc, Lapuz, La Paz, Iloilo City, including Lot 3309. It eventually withdrew the application and filed on March 1976 a petition for registration over the same foreshore land with the then Court of First Instance of Iloilo. The case was, however, archived as WESVICO's representative could no longer be contacted. 
 
It appears that WESVICO ceased to hold operations...