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Orix Metro Leasing and Finance Corporation Vs. M/V "PILAR-I" and Spouses Ernesto Dy and Lourdes Dy

ORIX METRO LEASING AND FINANCE CORPORATION, Petitioner, versus M/V “PILAR-I” and SPOUSES ERNESTO DY and LOURDES DY, Respondents.

G.R. No. 157901 | 2009-09-11

D E C I S I O N


CHICO-NAZARIO, J.:

Before this Court is a Petition for Review on Certiorari under Rule 45 of the Revised Rules of Court seeking the reversal of the Decision[1] dated 22 November 2002 and Resolution[2] dated 2 April 2003 of the Court of Appeals in CA-G.R. CV No. 57321. The appellate court, in its assailed Decision and Resolution, affirmed with modifications the Decision[3] dated 31 July 1997 of the Regional Trial Court (RTC), Makati City, Branch 64, in Civil Case No. 92-2311.

Petitioner Orix Metro Leasing and Finance Corporation (Orix Metro) is a domestic corporation engaged in the leasing and financing business....