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Puerto Azul Land, Inc. Vs. Pacific Wide Realty Development Corporation

PUERTO AZUL LAND, INC., Petitioner, VS. PACIFIC WIDE REALTY DEVELOPMENT CORPORATION,* Respondent.

G.R. No. 184000 | 2014-09-17

FIRST DIVISION
 
DECISION

PERLAS-BERNABE, J.:
 
Assailed in this petition for review on certiorari1 are the Decision2 dated February 21, 2008 and the Resolution3 dated July 22, 2008 of the  Court of Appeals (CA) in CA-G.R. SP No. 92691 which set aside the Decision4 dated December 13, 2005 of the Regional Trial Court of Manila, Branch 24 (RTC) in Civil Case No. 04-110914, thereby dismissing the revised rehabilitation plan of petitioner Puerto Azul Land, Inc. (PALI). 4
 
The Facts

PALI is a domestic corporation engaged in the business of developing the Puerto Azul Complex located in Ternate, Cavite...