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Mercury Group of Companies, Inc. Vs. Home Development Mutual Fund

MERCURY GROUP OF COMPANIES, INC., Petitioner, vesus HOME DEVELOPMENT MUTUAL FUND, Respondent.

G.R. No. 171438 | 2007-12-19

D E C I S I O N


CARPIO MORALES, J.:

On challenge via the present petition for review on certiorari are the Court of Appeals August 18, 2005 Decision[1] which granted in part petitioner's petition for certiorari, prohibition and mandamus, and February 9, 2006 Resolution which denied petitioner's motion for reconsideration.[2]

Presidential Decree (P.D.) No. 1752, the "Home Development Mutual Fund Law of 1980" which became effective on December 14, 1980, created the Pag-IBIG Fund System. The law was amended in June 1994 by Republic Act (R.A.) No. 7742.

The Pag-IBIG Fund (the Fund) is a provident savings system for private and government...