Back

Stronghold Insurance Company, Inc. Vs. Tomas Cuenca, et al.

STRONGHOLD INSURANCE COMPANY, INC., Petitioner, vs. TOMAS CUENCA, MARCELINA CUENCA, MILAGROS CUENCA, BRAMIE T. TAYACTAC, and MANUEL D. MARANON, JR., Respondents.

G.R. No. 173297 | 2013-03-06

 

FIRST DIVISION

 

 

D E C I S I O N

BERSAMIN, J.:

The personality of a corporation is distinct and separate from the personalities of its stockholders. Hence, its stockholders are not themselves the real parties in interest to claim and recover compensation for the damages arising from the wrongful attachment of its assets. Only the corporation is the real party in interest for that purpose.

The Case

Stronghold Insurance Company, Inc. (Stronghold Insurance), a domestic insurance company, assails the decision promulgated on January 31, 2006,1 whereby the Court of Appeals (CA) in CA-G.R. CV No. 79145 affirmed the judgment...