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New Frontier Sugar Corporation vs. RTC Branch 39

NEW FRONTIER SUGAR CORPORATION, Petitioner, versus REGIONAL TRIAL COURT, BRANCH 39, ILOILO CITY and EQUITABLE PCI BANK, Respondents.

G.R. No. 165001 | 2007-01-31

D E C I S I O N

AUSTRIA-MARTINEZ, J.:

In the present petition for review under Rule 45 of the Rules of Court, petitioner assails the decision of the Court of Appeals (CA)[1] in CA-G.R. SP No. 78673, dismissing its special civil action for certiorari and affirming the dismissal orders dated January 13, 2003 and April 14, 2003 issued by the Regional Trial Court (RTC) of Iloilo City, Branch 39, acting as a special commercial court, in Civil Case No. 02-27278.

As borne by the records, New Frontier Sugar Corporation (petitioner) is a domestic corporation engaged in the business of raw sugar milling. Foreseeing that it cannot meet its obligations...