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China Banking Corporation vs. Cebu Printing and Packaging Corporation

CHINA BANKING CORPORATION, Petitioner, VERSUS CEBU PRINTING AND PACKAGING CORPORATION, Respondent.

G.R. No. 172880 | 2010-08-11

D E C I S I O N


PERALTA, J.:

This is a petition for review on certiorari[1] under Rule 45 of the Rules of Court which seeks to annul and set aside the Amended Decision[2] dated March 3, 2006 of the Court of Appeals (CA) in CA-G.R. SP No. 71017.

The facts, as shown in the records, are the following:
On January 29, 2002, Cebu Printing and Packaging Corporation (CEPRI) filed a Petition for Rehabilitation[3] with the Regional Trial Court (RTC) of Cebu City, Branch 11.[4] Finding the petition sufficient in form and substance, the RTC issued a Stay Order[5] dated February 11, 2002: staying enforcement of all claims against CEPRI, its guarantors and...