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E. Rommel Realty and Development Corporation, et al. vs. Sta. Lucia Realty Development Corporation.

E. ROMMEL REALTY AND DEVELOPMENT CORPORATION, as subrogee of Antonina Guido, Mauro Castaneda, Margarita Guido, Graciano L. Amante, Feliza Guido, Antonio Aquino, Crisanta Guido, Buenaventura B. Enriquez, Candida Guido, Jacob Assad, Esperanza Guido, Angel Benito, Alfredo Guido, Clara Minda Anselmo, Eufronia Guido, Jose Loreno, Priscilla Guido Vda. De Esguerra, Benedicto Lopez, Profetiza Guido, Aida Del Carmen, Buensuceso Guido, Herminia Villareal, Carlos Guido, Amanda C. Rivera, Jose A. Rojas and Emilian M. Rojas,* Petitioner, versus STA. LUCIA REALTY DEVELOPMENT CORPORATION,** Respondent.

G.R. No. 127636 | 2006-11-24

SECOND DIVISION
 
D E C I S I O N 
 
CORONA, J.: 
 
This is a petition for review on certiorari[1] of the September 19, 1996 decision[2] and November 15, 1996 resolution[3] of the Court of Appeals in CA-G.R. SP No. 41305. 
 
This controversy stemmed from a case decided by this Court entitled Republic v. CA[4] which is already in its execution stage in the court of origin. Given that the resolution of the present dispute will inevitably take into consideration our pronouncements in said case, a brief background is in order. 
 
In 1979, the Republic of the Philippines, through the Solicitor General, filed a...