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EK Lee Steel Works Corp. Vs. Manila Castor Oil Corp, Romy Lim and the CA

EK LEE STEEL WORKS CORPORATION, Petitioner, versus MANILA CASTOR OIL CORPORATION, ROMY LIM, and THE COURT OF APPEALS, Respondents.

G.R. No. 119033 | 2008-07-09

D E C I S I O N


CARPIO, J.:

The Case

Before this Court is a petition for review[1] of the Decision[2] dated 7 February 1995 of the Court of Appeals in CA-G.R. CV No. 34743. The Court of Appeals reversed the decision[3] of the Regional Trial Court, Branch 123, Kalookan City in a collection suit filed by Ek Lee Steel Works Corporation against Manila Castor Oil Corporation and Romy Lim.

The Antecedents

Ek Lee Steel Works Corporation (petitioner) is engaged in the construction business while Manila Castor Oil Corporation (respondent) claims to be a pioneer in the castor oil industry with Romy Lim (Lim) as its President.

In November...