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Privatization and Management Office Vs. Strategic Alliance Development Corporation and/or Philippine Estate Corporation/Strategic Alliace Development Corporation as substituted by Philippine Estate Corporation Vs. Privatization and Management Office (formerly Asset Privatization Trust), and Philippine National Construction Corporation

PRIVATIZATION and MANAGEMENT OFFICE, Petitioner, vs. STRATEGIC ALLIANCE DEVELOPMENT CORPORATION and/or PHILIPPINE ESTATE CORPORATION, Respondents. G.R. No. 200402 _______________________________ STRATEGIC ALLIANCE DEVELOPMENT CORPORATION as substituted by PHILIPPINE ESTATE CORPORATION, Petitioner, vs. PRIVATIZATION AND MANAGEMENT OFFICE (formerly Asset Privatization Trust), and PHILIPPINE NATIONAL CONSTRUCTION CORPORATION, Respondents. G.R. No. 208127

G.R. Nos. 200402/208127 | 2014-06-18

FIRST DIVISION
 
RESOLUTION

SERENO, CJ:a
 
These consolidated cases began with the Petition for Review on Certiorari dated 16 March 2012 filed by the Privatization and Management Office (PMO) before this Court.1 The petition assailed the Court of Appeals (CA) Decision dated 27 January 2012.2 Therein, the CA had affirmed the Decision of the Regional Trial Court (RTC)3 awarding to Strategic Alliance Development Corporation (the predecessor of Philippine Estate Corporation or “PHES”4), the auctioned Philippine National Construction Corporation shares, receivables, and securities (PNCC...