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Malayan Insurance Company, Inc. Vs. Victorias Milling Company, inc.

MALAYAN INSURANCE COMPANY, INC., Petitioners, versus VICTORIAS MILLING COMPANY, INC., Respondents.

G.R. No. 167768 | 2009-04-17

D E C I S I O N


NACHURA, J.:

Petitioner Malayan Insurance Company, Inc. assails the Court of Appeals' Decision[1] dated May 21, 2004 and Resolution[2] dated April 11, 2005, which affirmed the suspension of the proceedings on its claim for reimbursement against the respondent Victorias Milling Company, Inc.

The case arose from the following antecedents:

On July 8, 1997, acting on the verified petition for declaration of a state of suspension of payments, for the approval of a rehabilitation plan and the appointment of a management committee, the Securities and Exchange Commission (SEC) issued an order suspending all pending actions for...