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Dona Adela Export International, Inc. vs. Trade and Investment Development Corp. (TIDCORP)

DOÑA ADELA[1] EXPORT INTERNATIONAL, INC., PETITIONER, VS. TRADE AND INVESTMENT DEVELOPMENT CORPORATION (TIDCORP), AND THE BANK OF THE PHILIPPINE ISLANDS (BPI), RESPONDENTS.

G.R. No. 201931 |

THIRD DIVISION
 
D E C I S I O N

VILLARAMA, JR., J.:
 
Before us is a petition for review on certiorari under Rule 45 of the 1997 Rules of Civil Procedure, as amended, assailing the Decision[2] dated November 15, 2011 and the Order[3] dated May 14, 2012 of the Regional Trial Court (RTC) of Mandaluyong City, Branch 211 in SEC Case No. MC06-103 for Voluntary Insolvency.  The RTC approved the Joint Motion to Approve Agreement filed by respondents Trade and Investment Development Corporation of the Philippines (TIDCORP) and the Bank of the Philippine Islands (BPI).  Respondents stipulated in their agreement that petitioner shall...