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National Power Corporation Vs. Premier Shipping Lines, Inc.

NATIONAL POWER CORPORATION, Petitioner, versus PREMIER SHIPPING LINES, INC., Respondent.

G.R. No. 179103 | 2009-09-17

D E C I S I O N


CHICO-NAZARIO, J.:

Before Us are Petitions for Review on Certiorari under Rule 45 of the 1997 Rules of Civil Procedure filed by Premier Shipping Lines, Inc. (Premier) and National Power Corporation (NAPOCOR) assailing the Decision[1] of the Court of Appeals[2] dated 19 July 2007 in CA-G.R. CV No. 73650 which set aside the Decision[3] of the Regional Trial Court (RTC) of Cebu City, Branch 11. Premier filed a Motion for Reconsideration which the Court of Appeals denied in a Resolution[4] dated 12 September 2007.

The factual antecedents of this case are as follows:

NAPOCOR is a public corporation duly organized and...