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Philnico Industrial Corporation (formerly Philnico Mining and Industrial Corporation) Vs. Privatization and Management Office (formerly Asset Privatization Trust)/Privatization and Management Office (formerly Asset Privatization Trust) Vs. Philnico Industrial Corporation (formerly Philnico Mining and Industrial Corporation)

PHILNICO INDUSTRIAL CORPORATION, Petitioner, vs. PRIVATIZATION AND MANAGEMENT OFFICE, Respondent. G.R. No. 199420 ______________________________ PRIVATIZATION AND MANAGEMENT OFFICE, Petitioner, vs. PHILNICO INDUSTRIAL CORPORATION, Respondent. G.R. No. 199432

G.R. No. 199420 and G.R. No. 199432 | 2014-08-27

FIRST DIVISION
 
DECISION
 
LEONARDO-DE CASTRO, J.:
 
Before the Court are the consolidated Petitions for Review on Certiorari under Rule 45 of the Rules of Court involving the Decision1 dated January 31, 2011 and Resolution2 dated November 18, 2011 of the Court of Appeals in CA-G.R. SP. No. 111108, which affirmed the Order 3 dated August 25, 2009 of the Regional Trial Court (R TC), Branch 64 of Makati City in Civil Case No. 03-114.

THE PARTIES

The Petition in G.R. No. 199420 was filed by Philnico Industrial Corporation (PIC). It is a corporation duly organized under the laws of the Philippines and...